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New FIX enabled Market Access connecting Japan to Hong Kong

Metabit and 2GoTrade announce Realtime Market Connectivity between Japan and Hong Kong providing Japan’s Financial Industry Liquidity Access to 25 Hong Kong brokers

Tokyo, JPN & Hong Kong, CHN - September 28, 2004 —MetaBit (Japan) and 2GoTrade (Hong Kong) announce successful implementation for realtime market access between their respective data centers in Japan and Hong Kong. This is the first such service in Japan that gives the financial industry real-time access to liquidity across a growing community of over twenty 2GoTM Powered Brokers in Hong Kong via the FIX protocol.

This new service connects two strategic liquidity pools in Asia. By connecting to MetaBit’s MLHTM (Market Liquidity Hub), Japanese investors can now trade directly with exchange members in Hong Kong through a single access point. MetaBit offers access to its MLHTM through a unique and flexible manner suitable for any size company through XiliXTM, MetaBit’s own intuitive multi-market and multi-currency trading tool, direct FIX access to the CameronFIX engine placed in the MLHTM, or via a published API (Application Programming Interface).

Likewise, the newly implemented real-time connectivity between MetaBit and 2GoTrade is also open to investors in Hong Kong placing orders into Japanese financial markets through 2GoTM Powered Brokers.

‘This is the first data centre connectivity for exchanging order messages and executions between Japan and Hong Kong that is based on pure FIX protocol. This differentiates our solution significantly from competitors with internal order-routing networks, with regard to performance, cost, and flexibility to connect new participants to our MLHTM,’ says Daniel Bürgin, CEO at MetaBit. ‘We will be expanding our MLHTM connectivity between Japan and other Asian markets over the next 12 months, in response to the increasing demand in Japan’s financial industry.’

‘We are very proud to be among the first to bring connectivity to two strategic regional markets (Japan and Hong Kong) via an open protocol - FIX, thereby allowing our respective local brokers to have instant access to the other market electronically and economically,’ says John Chan, CEO at 2GoTrade. "Our vision is to assist Hong Kong SAR and China in becoming one of the world’s top finance centres empowered by our technology, products, service and business model."