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Fidessa Group Opens New Hub In Singapore

Fidessa Group, a UK-based supplier of market data and global connectivity solutions for the buy-side and sell-side, has opened a new hub in Singapore to supplement its existing Asian centers in Hong Kong and Tokyo.

BT will facilitate the establishment of the data center hub through the BT Radianz Proximity Solution that was recently extended to both Singapore and Hong Kong and will provide closer proximity to the exchange and other trading venues.

Fidessa’s hubs provide access to its software-as-a-service trading platform as well as to its ultra low-latency market data and global liquidity network solutions. The new center is co-located with Chi-East, the forthcoming pan-Asian liquidity venue that is a joint venture between Chi-X Global and the Singapore Exchange.

Jean-Pierre Baron, managing director for Fidessa Asia-Pacific, said: “This announcement demonstrates a clear investment by Fidessa in the region for the future. We are currently seeing strong signs of growth in Asia-Pacific: indeed, this move has been driven by demand from our established client base as well as from new prospects.

“We have been able to draw on our global experience of running mission-critical systems to design the optimum set-up here, and that, coupled with the economies of scale we are in a position to exploit, makes it a very compelling proposition for clients.”