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Screenshot of a breaking news alert e-mail from Q2 2017
Fidessa Group plc (LON:FDSA), a provider of trading, investment and information solutions for financial companies, is making another step towards boosting its Asian business network via a partnership with Maybank Kim Eng, which has been active in Asia for more than 40 years.
The company today announced that Maybank Kim Eng, which provides services in corporate finance, debt capital markets, equity capital markets, derivatives, retail and institutional securities broking and research, has deployed its equities order management and execution platform.
The move is set to help Maybank Kim Eng in its efforts to offer a seamless regional trading service to customers. The Fidessa platform will enable Maybank Kim Eng’s global institutional clients to trade across Asia via a unified system and make use of top-quality front and middle office capabilities. A much more responsive FIX client on-boarding environment, together with advanced program trading, algorithmic and IOI capabilities, is set to bolster the brokerage firm’s ability to deliver more timely and valuable execution services to their clients.
The implementation was achieved through an integrated mobilisation of teams on both sides, a partnership that led to the simultaneous launch of the platform to traders in 10 different countries with all key clients migrated successfully to the new system.
Ami Moris, Regional Head, Equities, at Maybank Kim Eng, says,
“It is important for Maybank Kim Eng to offer the best possible capabilities to both local and global clients wanting to do business in Asia. This new Fidessa technology allows us to on-board clients rapidly and systematically execute across the Asian markets, with a core focus on ASEAN, with rich information flowing back to the clients. The implementation is a key milestone in our strategy to offer best execution to clients in Asia.”
Jean-Pierre Baron, Managing Director for Fidessa in Asia, says,
“We invest heavily in adapting our system to the geographic and regulatory diversity of the region. Partnerships such as this one with Maybank Kim Eng have raised the functional coverage of our system, particularly with regards to pre-trade risk checks and synchronisation with local rules. We are happy that this implementation has completed on time and the system can now be used with confidence across Asia.”
To view the official announcement from Fidessa on the partnership, click here.