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Yuanta Securities Joins Fidessa Connectivity Network

Yuanta Securities, a Taiwan-based securities firm, has joined Fidessa group's connectivity network. Fidessa is a UK-based provider of trading systems, market data and global connectivity to buy-sides and sell-sides.

This partnership, will enable the worldwide community of buy-sides and sell-sides connected to the Fidessa network to route Direct Market Access (DMA) and care order flow for the Taiwan Stock Exchange (TWSE) to Yuanta Securities, and benefit from their knowledge of the local market, said Fidessa.

Daniel Clarke, head of execution services for the institutional group at Yuanta Securities, said: “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.”

Jean-Pierre Baron, managing director for Fidessa Asia-Pacific, said: “This is the latest in a number of recent additions to the Fidessa connectivity network, all of which strengthen its value to the community still further. The community is made up of a diverse range of organizations from traditional asset managers, hedge funds and broker dealers to the world’s largest sell-side institutions as well as specialist niche players. Of course, adding a company of Yuanta Securities’ scale and specialist experience is particularly pleasing.”