Trading technology provider Fidessa has added Taiwanese brokerage Yuanta Securities to its global connectivity network, enabling clients to trade directly on the Taiwan Stock Exchange (TWSE).
Using Fidessa’s network, buy-side firms will be able to route direct market access and care orders to the TWSE and benefit from the broker’s local market knowledge when executing trades.
“It is a fundamental part of Yuanta’s strategy that we are at the forefront of developing trends in the marketplace, and the connection to Fidessa’s global community through its connectivity network is an important part of that aim, particularly given its size, reach and reputation,” said Daniel Clarke, head of execution services for the institutional group, Yuanta Securities.
Fidessa’s network links over 2,400 buy-side institutions to more than 530 brokers across EMEA, the Americas and Asia-Pacific. In 2009, Fidessa reported that its network carried an average order flow of around $640 billion each month.