Jean-Pierre Baron, Managing Director for Fidessa Asia-Pacific, comments: âDespite the difficult prevailing conditions, Fidessa is still increasing its client base across the Asia-Pacific region. Both local brokers and regional offices of international firms are connecting to the Fidessa network to receive order flow. We are continuing to invest heavily in our global connectivity network and are delighted that Quantâs Indian market expertise is now available to all our clients, many of whom are keen to capitalise on Indiaâs dynamism and potential, and take advantage of DMA access which has recently been permitted by the Indian stock exchange.â
Sandeep Tandon, MD and CEO of Quant Capital, comments: âWe are on the doorstep of a paradigm shift for the Indian market whereby technology and speed are of increasing importance to the end-user. We anticipate significant demand for DMA and algorithmic trading for the Indian market in the near future. We are excited to partner with Fidessaâs global platform to reach out to a global client base and take our business to the next level.â
In 2009, Fidessaâs global connectivity network increased its traffic by 40% and now carries flow with a value of around $640 billion a month.