Metabit

Metabit

Metabit’s Xilix provides access to over 250 direct broker destinations across 14 markets in Asia, and enables multi asset class trading through a single user interface that can run dynamically in multiple languages.

As well as supporting real-time position keeping, sliced and basket orders, Xilix provides comprehensive real-time buy side compliance checks and controls.

Connectivity

Xilix supports all FIX versions 4.0 and above. Xilix offers access to over 200 individual broker algorithms, including those provided by: Barclays, BNP Paribas, Citigroup, CLSA, Credit Suisse, Daiwa Securities, Deutsche Securities, Goldman Sachs, Instinet, JP Morgan, Macquarie Group, Merrill Lynch, Mitsubishi UFJ, Mizuho, Morgan Stanley, SMBC Nikko Securities, Nomura, Societe Generale, Tachibana Securities and UBS.

Market data

Metabit’s Xilix is integrated with market data vendors Bloomberg, Thomson Reuters, and QUICK for the Japanese markets.

Routing and trading venues

Xilix is connected to all 14 DMA markets in Asia: Japan; China; Hong Kong; Taiwan; Singapore; Korea; India; Pakistan; Malaysia; Indonesia; Philippines; Thailand; Australia; and New Zealand. Other liquidity sources include: Liquidnet; CBX and JapanCrossing; Kabu.com; SBI Japannext; and Chi-X Japan.

Xilix is designed to provide the buy-side full control over the executing broker; Metabit plan to provide a multi-venue aggregated price book to support decision making.

Future updates

Plans include expanding asset coverage and cross border execution capability for our clients in Asia particularly to trading venues in the US, as well as provision of low latency market data and liquidity discovery tools.