Tokyo, New York June 4, 2007 – Marco Polo Network, Inc., a leading provider of connectivity for emerging markets, has certified with MetaBit’s FIX enabled Market Liquidity Hub (MLH) network. Clients connected to Marco Polo Network can now access all of Japan’s securities exchanges through 22 sell side brokers via the MLH. Simultaneously, MetaBit’s clients now have access to global emerging markets to trade listed securities through the renowned Marco Polo Network.
The new joint offering is a result of demands from clients on both sides. From a single point of access, clients of Marco Polo Network can now trade with MetaBit’s connected brokers executing on Japanese exchanges and all other regions, while MetaBit’s Japan based clients who have particular interest in emerging markets in Asia, can now access Marco Polo’s connected markets. The arrangement between Marco Polo Network and MetaBit has created a unique FIX compliant trading network that spans Asia and emerging markets worldwide.
“Marco Polo Network responded to an increasing demand from clients to connect into Japan through domestic Japanese brokers. The choice to certify with MetaBit was simple, due to their strong franchise amongst Japanese domestic sell and buy sides institutions,” says Peter Jardine, Director, Broker Network, at Marco Polo Network, “Strategically, Marco Polo Network expects flow from Japan based clients connected to MetaBit’s MLH. The Japanese market is diversifying, and increasingly interested in Marco Polo Network’s network of emerging markets.”
“MetaBit is particularly pleased with this new business partnership, that has mutual benefits for the client base of both firms,” says, Daniel Burgin, MetaBit CEO, “The offering represents a global network of market access, achieved with an powerful value proposition for all clients with regards to underlying technology and cost of sales. With this new joint service, the MLH has become a unique single point of access for any Japanese firm looking to trade into markets worldwide, with particular focus on emerging markets, without changing their end user application.”
About Marco Polo Network
Marco Polo Network Inc. (MPN) is a leading broker neutral electronic multi-asset class platform for global investors to trade emerging markets. MPN brings transactions into compliance with local rules and regulations allowing for seamless and transparent cross-border transactions. MPN’s platform is a gateway for multidirectional flows and offers connectivity and routing to brokers and exchanges in more than 40 markets. MPN provides investors with access to more than 90% of the MSCI emerging market index.
MPN is partially owned by the New York Stock Exchange and the International Finance Corporation, the private sector arm of the World Bank Group. Marco Polo Securities Inc., a wholly owned subsidiary of MPN, is a NASD registered broker dealer.
For more information please visit www.marcopolonetwork.com
About MetaBit
MetaBit is the provider of MLH (Market Liquidity Hub), an Asian broker portal that currently provides buy sides Direct Market Access (DMA) to 22 brokers and access to ten exchanges. The MLH, powered by the world leading CameronFIX platform, is accessible through MetaBit’s intuitive buy side trading tool XiliX, or via the FIX Protocol. MetaBit is the only provider of pure FIX market connectivity to TSE, OSE, JASDAQ and TOCOM. MetaBit also offers exchange message simulators to Japan’s major stock exchanges and actively promotes FIX throughout Asia. MetaBit further offers FIX testing and certification services to the industry.
For more information please visit www.meta-bit.com
Filed under: Asia, FIX Connectivity, Japan, News, Trading Technology, Asia, メタビット, Daniel Burgin, DMA Direct Market Access, MetaBit, MLH Market Liquidity Hub, Trade Connectivity, Trading Hubs, XiliX
