Under terms of the agreement, the Peresys Network will be connected to the Thomson AutEx Network to create a seamless concentrated network for trading with global partners. Through a single connection, clients using Thomson AutEx will have access to an extensive global trading community, which now includes South Africa, while clients of Peresys will have access to the entire AutEx global community.
The Peresys Network includes a hosted FIX hub and spoke solution in Johannesburg as well as points of presence in London and New York to enable bi-directional order routing and direct market access for the South African trading community. The solution caters for all widely used versions of the FIX protocol, spanning equities, fixed income, and derivatives instruments.
Ashley Mendelowitz, Managing Director, Peresys commented: "This connection is a vital part of our efforts to make the Peresys Network the premier trading gateway into and out of South Africa. We want our clients to benefit fully from the functionality available within our trading and messaging solutions. Connecting to the Thomson AutEx community provides our brokers and asset managers with the ability to communicate and trade with global partners, direct from their desktops".
The Thomson AutEx suite of products facilitates the high-speed transfer of multiple message types through one concentrated global network, streamlining connectivity between trading partners. Once connected to the global host, institutions and brokers have access to any connected counterpart.
"We are delighted to connect Peresys and its clients to the Thomson AutEx network," said Tony Booth, Connectivity Director, Thomson Financial. "This initiative extends our reach so that clients can include trading partnerships in South Africa. In doing so, it further improves opportunities for electronic trading, and the marketing and sourcing of liquidity over the AutEx network. Our third generation market leading FIX compliant hub and spoke technology, enables us to develop key partner relationships and introduce new benefits for our clients" said Booth.
Thomson AutEx is the industry's leading online real-time network and database for block order indications and trade advertisements. The AutEx community consists of traders at international institutions, broker dealers, exchanges, ECNs and ATSs, either connecting directly to AutEx, or through service bureaus or order management systems. Over 800 of the world's leading brokers and institutions rely on AutEx to access global pools of liquidity, and every day, more than 400,000 messages are transmitted between buyers and sellers.