MetaBit Adds 6th Broker to its Market Liquidity Hub (MLHTM) in Japan

Tokyo JAPAN, April 7, 2005 – MetaBit announces a new broker connectivity to its Market Liquidity Hub (MLHTM). The 6th (undisclosed) Japanese broker started to receive order flow from buy side institutions and asset managers on 6 April 2005. Connectivity to the newly added top-rank Japanese broker further expands market liquidity in MetaBit’s MLHTM.

Any buy side institution can access MetaBit’s pool of market liquidity at the MLHTM to trade on Japan’s financial and commodity markets. Points of connectivity are made available through XiliXTM (MetaBit’s multi-broker, intuitive trading tool), via simple FIX connection, and various published Application Programming Interfaces (APIs). Large domestic asset managers, currently queuing to connect to the MLHTM through XiliXTM, recognise the hub as a powerful switch that provides direct market access to market liquidity throughout Japan.

‘By adding the latest broker, MetaBit’s reach-out to Japanese asset managers and other buy side institutions will increase considerably’, says Daniel Burgin, CEO, MetaBit, ‘as it will allow us to capitalise on its wide network and reputation in the market’.

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