Fidessa group plc (LSE: FDSA), provider of award-winning trading, market data and global connectivity solutions for the buy-side and sell-side, has today announced that Yuanta Securities, one of the largest securities firms in Taiwan, has joined its connectivity network.
This partnership with Fidessa means that the worldwide community of buy-sides and sell-sides connected to the Fidessa network, can now route Direct Market Access (DMA) and care order flow for the Taiwan Stock Exchange (TWSE) to Yuanta Securities, and benefit from their knowledge of the local market.
Jean-Pierre Baron, Managing Director for Fidessa Asia-Pacific, comments: âThis is the latest in a number of recent additions to the Fidessa connectivity network, all of which strengthen its value to the community still further. The community is made up of a diverse range of organisations from traditional asset managers, hedge funds and broker dealers to the worldâs largest sell-side institutions as well as specialist niche players. Of course, adding a company of Yuanta Securitiesâ scale and specialist experience is particularly pleasing.
Daniel Clarke, Head of Execution Services for the Institutional Group at Yuanta Securities, added: âIt is a fundamental part of Yuantaâs strategy that we are at the forefront of developing trends in the marketplace, and the connection to Fidessaâs global community through its connectivity network is an important part of that aim, particularly given its size, reach and reputation.â
The Fidessa connectivity network is one of the world's largest and most diverse trading communities, linking more than 2,400 buy-side institutions to more than 530 brokers across EMEA, Asia Pacific and the Americas. In 2009, Fidessaâs global connectivity network increased its traffic by 40 per cent and now carries executed order flow of a value of around $640 billion each month.