Fidessa Group, a provider of trading systems, market data and global connectivity solutions, today announced that CIMB-GK Securities, the regional securities and corporate finance franchise of Malaysia’s CIMB Group, has signed up for Fidessa’s fully-hosted Asian Trading Platform. Fidessa will link CIMB Group's offices in Singapore, Hong Kong, Kuala Lumpur, Bangkok, Jakarta, and remote sales offices in London and New York to provide a global trading solution.
Fidessa's Asia Trading Platform provides CIMB-GK with regional order management and direct exchange connectivity, as well as automated confirmations. It also enables inbound and outbound FIX connectivity and regional risk management, within one fully managed and hosted service. With this system, Fidessa says CIMB-GK will be able to improve the efficiency, performance and reduced latency of its trading.
"We are excited to deploy the Fidessa Asia Trading Platform. As we expand globally, it is crucial that our business is underpinned by an integrated, scalable, resilient trading platform that will keep us ahead of our competitors. By using Fidessa, we are aligned with other major global market players. Fidessa provides us with the necessary architecture to offer improved straight through processing and better services in the face of rising trading volumes," comments Lee Ming San, CEO, CIMB-GK.
CIMB-GK also intends to use Fidessa's member trading services to connect directly to the Singapore, Hong Kong, Kuala Lumpur, Jakarta and Bangkok exchanges.
Nevin Price, regional manager for Asia, Fidessa, adds: "CIMB-GK's decision shows how our investment in our new Asian hosted business services has made Fidessa a viable option for brokers in the region, and means that Fidessa is no longer only a platform for the larger global investment banks in Asia."