FiNETIK – Asia and Latin America – Market News Network

20 May 2009 – Fidessa group plc  provider of award-winning trading, market data and global connectivity solutions for the buy-side and sell-side, has today announced that RHB Investment Bank, one of the leading brokers in Malaysia and the Corporate and Investment Banking arm of the RHB Banking Group, has joined its global connectivity network. RHB will receive DMA flow from Fidessa’s trading platform clients across the region and around the world.

Simon McDowell, Managing Director of Connectivity at Fidessa, comments: “Despite the current difficult conditions, Fidessa is continuing to grow its number of clients across the Asia-Pacific region. Local brokers from a number of countries and regional offices of international firms are connecting to Fidessa to receive order flow. We are continuing to invest heavily in our global connectivity network and are delighted that RHB’s Malaysian market expertise is now available to all our clients. RHB now have access to the whole of our buy-side and sell-side communities, many of whom are keen to take advantage of Malaysia’s dynamics and potential, and take advantage of DMA access which has recently been permitted by the Malaysia stock exchange.”

Chay Wai Leong, Managing Director of RHB Investment Bank, comments: “Electronic trading is set to expand significantly in Malaysia and Asia as a whole, and we have seen a significant growth in demand for connectivity to the markets in our region. Our relationship with Fidessa will help ensure that we remain at the head of this trend. Fidessa’s flexible technology combined with our local knowledge creates a compelling offering for both buy-side and sell-side firms on the network.” In 2008, Fidessa’s global connectivity network increased its number of connections by 50 per cent while message throughput grew by more than 80 per cent to over 180 million messages a month. The Fidessa product suite provides integrated trading, market data and connectivity solutions to over 22,000 users at around 630 clients worldwide, and serves more than 85 per cent of global, tier-one equity brokers.

Source: Fidessa, 20.05.2009