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Fidessa group plc (LSE: FDSA) has today announced that it has partnered with a number of key Asian regional brokers to provide a simple, immediate one-stop-shop trading service for all ASEAN markets. The partnerships, with CIMB, DBS Vickers, Maybank Kim Eng, OCBC Securities, Philip Securities and UOB Kay Hian, make it possible to trade across the whole of the ASEAN region from a single connection to Fidessa's global trading network. The service is available now for use by Fidessa's extensive global community of buy-side and sell-side firms.
Jean-Pierre Baron, Managing Director for Fidessa Asia-Pacific, said: "Global firms are looking for a service that gives them low cost, low risk, low maintenance access across ASEAN markets, and are turning to the Fidessa network to connect to local brokers who can do just that. In this way, we are facilitating greater access to some of the world’s most dynamic emerging marketplaces."
"This is an important time for South East Asia, as individual markets within the ASEAN region are proving increasingly attractive to international investors," continued Baron. "For example, with a population of 244 million and a GDP in the region of US$1 trillion[I], Indonesia is recognised as one of the world’s fastest growing emerging economies. The Philippines Stock Exchange has started to offer direct market access, encouraging more advanced trading. Members of the Fidessa network can easily access these important destinations and work with brokers that have local knowledge, which in turn enables them to operate more efficiently and provide a better client service."
Fidessa's global FIX network currently connects around 3,500 buy-sides to 750 brokers across 200 execution venues covering all asset classes, and carries order flow of around US$850 billion each month.
