The Hong Kong subsidiary of Samsung Securities has gone live with a fully managed and hosted Asian trading platform from trading and connectivity solutions provider Fidessa as part of the Korean investment bank’s expansion across Asia.
Recently established Samsung Securities, a key part of the Seoul-based firm’s growth plans, offers advisory services for capital raisings and acquisitions, stock trading and investment management.
Fidessa’s trading platform provides Samsung Securities with direct access to the Hong Kong Exchange for member trading, as well as connectivity to multiple exchanges worldwide, more than 400 brokers and 2,300 buy-side institutions.
“Selecting Fidessa’s Asian trading platform is an important strategic expansion decision for us,” said Eric Kim, chief technology officer of Samsung Securities (Asia). “Fidessa’s global connectivity network, timely delivery and expert service will enable us to become more competitive across the region and globally. “
Fidessa reports that it has doubled its number of hosted clients in Asia Pacific over the past 18 months.