FiNETIK – Asia and Latin America – Market News Network

Asia and Latin America News Network focusing on Financial Markets, Energy, Environment, Commodity and Risk, Trading and Data Management

“Exportando a Singapur, Mercados Asiáticos” seminario en materia de exportación impulsado por Fidel Herrera, Veracruz

Ciudad de México.- Concluyó el seminario “Exportando a Singapur, Mercados Asiáticos”, cuyo objetivo es abrir nuevas oportunidades de exportación para los productos veracruzanos, a fin de incentivar el crecimiento económico de Veracruz. En este evento, apoyado por el gobernador Fidel Herrera Beltrán, participaron empresarios y productores del estado.

A invitación del gobernador de Veracruz, se reunieron empresarios agropecuarios y empresarios con negocios que participan en los mercados financieros de América Latina y Asia, para abrir nuevos mercados a la producción estatal.

El seminario se realizó en la Torre Financiera de la Secretaría de Economía, en Boca del Río, Veracruz. Participaron importantes agrupaciones como el International Enterprise Singapure, representado por su director Daniel Seah, quien destacó el potencial de los productos veracruzanos en el mercado asiático, por ejemplo los cítricos, melón, café, vainilla, flores, mariscos y cárnicos procesados.

Otro participante es la Firma Consultora de Negocios Finetik especializada en el financiamiento para el comercio en mercados de la región Asia Pacífico. Su director general analizó cómo afrontar las regulaciones en importación y exportación, además de la conectividad con ese mercado.

Finalmente, se evaluaron los esfuerzos del gobierno de Fidel Herrera Beltrán para abrir nuevos mercados a los productos del estado. Incluso, el gobernador apoyó la visita de productores de la región a Singapur, para participar en el Latin Biz 2008, evento que también favorecerá el ingreso de mercancías jarochas en Asia.

Source:

El Sol de Mexico, 27.11.2008

cronica.com.mx, 28.11.2008

Inforural, 27.11.2008

Filed under: FiNETIK News, Mexico, Singapore, , , , , ,

FiNETIK Vietnames Press Clips – ATIC

FiNETIK Vietnames Press clips on speaking comments at Asian Traders and Investor Conference in Ho Chi Minh; May 28, 2007

English Press Clips: Vietnam News, Vietnam Economics Time; VietnamNet,

Vietnames Press Clips: VinaStock, Thin Nhanh, Sanotc, National Center for Socio-Economic Information & Forecast, VietStock; Lao Dong, NetCenter Vietnam

Filed under: Events, FiNETIK News, News, , , ,

A New Age or Brave New World

By Elizabeth Lumleyelizabeth.lumley@incisivemedia.com

 I sat on a panel with James Hartley of the FISD, Reuters’ Barnaby Nelson, Stephan Stadelmann from Finetik and Columba Cryan of the New Zealand Stock Exchange in Singapore last month. For 45 minutes we discussed the ins and outs of reference data in the Asia-Pacific region. Could unifying data standards bring unity to the Asian markets? Were Asia’s markets too fragmented to even be called a region—making the goal of standard unified reference data in Asia more abstract fantasy than strategic plan? ….read full text

Source: Inside Reference Data November 2006

 

Filed under: FiNETIK News, News, , ,

Letter from Hong Kong

Last week’s Inside Market Data Asia conference should make vendors sit up and think. Not only is Asia growing in leaps and bounds (and not just in China and India), but it is crying out for better, more suitable products. And it seems clear that they need both local and global vendors to supply them.

That’s because the local vendors can offer local data, timeliness and a deep understanding of the local market. The global vendors, though, have breadth of information and global resources on their side.

A panel of local and global vendors acknowledged this. Stephan Stadelmann of Finetik Partners says, “A global ! vendor has global coverage and a greater financial budget, but in terms of domestic needs is usually not as flexible as local vendors.”

Yet the panel agrees that local and global vendors can be complementary, especially-as Reuters’ Alex Hungate says-in local markets in which a big player might not want to compete.

From the local vendor’s perspective, says Stephen Lai of Singapore’s NextView, “you can’t grow in Asia without [working with] global vendors,” especially if the local vendor wants to move beyond its home market.

In addition, they agree that Asia is a fragmented market, and vendors can’t apply a one-size-fits-all strategy (an issue that was also discussed by the last panel of the day). As Darren Bishop of Tullett Prebon Information says, in the past, vendors based their Asian strategies on Japan. But, he points out, the Japanese market is completely different from, say, the Chinese market. Now vendors are beginning to understand that.

Another theme that developed at the show is a global one: information is useless if it’s not delivered or packaged in a useful way.

In the morning keynote, Micah Green, president of the Bond Market Association, says that while there is more and more data available-thanks to business scandals, customer demand, technological developments and globalization-the key is making it useful.

For example, he cites one firm whose second-largest expense is its Bloombergs. But those Bloombergs are sacred, because they don’t simply deliver data-they are communications tools, as well as being used for analytics and processing. Green says Bloomberg’s competitors have begun to look at and market their products differently, to show how they can support a user’s business.

This trend is also being driven by increased transparency, which has in turn lowered profit margins on trades. “How do you raise your profits?” Green asks. “You have to reduce your costs.” As a result, firms are applying technology to their data to improve processing and risk management, which then lowers costs and improves profits, even when margins are falling.

S. Swaminathan, CEO of Indian vendor Iris, echoed this theme in his afternoon address. Vendors need to take their data and develop applications around it to serve their customers. “[They say] there’s an information overload,” he says. “There’s not too much information; it’s, ‘can you give me the information I want, how I want it and when I want it?’”

Swaminathan suggests that both local and global vendors apply this advice, particularly to India, which is expecting a huge inflow of domestic investment over the next five years. He notes that this is also a great opportunity for Indian companies and the Indian people: “Until now, we were a factory for the world, we never met the customer, so the benefits flowed to someone else. Today, we are working with the customers.”

By Samara Zwanger
Source: Inside Market Data: November 21, 2005 Vol 21 No9

Filed under: FiNETIK News, News, , , , , ,

Market Data Heads Offshore – Asia’s recovery Lags Behind

Asia’s recovery is moving at a much slower pace than those in the US and Europe, say vendors in the region. And while cost is no longer the top priority for many market data managers in the US and Europe, it remains the most important concern in Asia.

There are signs of activity, starting with the region’s exchanges, which have seen a pickup in market data sales in the first half of 2004. The Hong Kong Exchange Clearing, for example, saw revenues from market data sales increase by 25 percent to HK$159 million in the first half of the year, compared to HK$126 million for the same period in 2003. The exchange attributes this to greater demand for information in line with the increased activity in the cash and derivatives markets.

In addition, some vendors are seeing increased interest as clients undergo cost-cutting projects. Donovan Ransome, marketing manager, enterprise information solutions for Reuters in London, says that many clients who plan to move from Reuters’ older market data distribution systems to RMDS expect to begin with implementations in Asia.

Ransome says there are two reasons for this. First, many clients want to consolidate multiple sites for market data distribution into a central hub in Singapore, Hong Kong or Tokyo. That is driving the implementation of RMDS, which allows them to do that. “We’re seeing a lot of consolidation happening in Asia and that is driving a lot of these initial migrations,” he says.

There is also growth around electronic or algorithmic trading. “Algorithmic trading is becoming very much talked about and getting a lot of funding at our customers,” Ransome says. “They’re investing a lot of money in algorithmic trading in order to compete effectively.”

Others note that the client base is expanding. More financial institutions, asset managers and hedge funds are looking to set up offices in Hong Kong and Singapore, thereby boosting demand for market data services. Stephan Stadelmann, managing partner at Singapore-based data and content management company Finetik Partners, says that larger vendors in particular will benefit as traders, private banks and asset managers look for simple solutions in the real-time data space.

But given the idiosyncrasies of Asia’s local markets, firms continue to be interested in smaller vendors, and therefore the market remains fragmented. For example, Stadelman says that US-based institutions that want to enter the region have inquired about Finetik’s Asian Data Content Service.

Meanwhile, all eyes are on China. “A lot of emerging customers are coming out of China. We’re talking to quite a few up and coming banks who have money to spend,” says Ransome.

Source: Waters – Financial Technology Inteligence, December 2004 http://www.watersonline.com

Filed under: Australia, Data Management, Data Vendor, Exchanges, FiNETIK News, Hong Kong, Market Data, News, Reference Data, , ,

FINETIK Leverages Asian Information Knowledge with ADS Data Product

Asia-based financial information specialists FINETIK is leveraging its relationships and reputation within the region to provide a ‘new alternative’ in content and data management in Asian data. Its new Asian Data Service (ADS) effectively pools data from vendors and exchanges to provide in-depth and as reported data for equities, funds, fixed income, derivatives, indices, economic indicators, market data, fundamental data, corporate actions, financial reporting for markets in Australia, China, Hong Kong, Japan, Korea, Malaysia, Philippines, Singapore, Taiwan and Thailand.

FINETIK provides customized data solutions and will manage, support and negotiate clients’ vendor relationships. Benefits include delivering consolidated content in clients required format, so that clients pay for only the data elements they need. It also aims to save clients costs and effort of researching, analyzing, integrating, mapping and converting the data.

The service is aimed at three tiers of users: end users such as asset managers, hedge funds, research houses, analysts, back office and custody operations and outsource utilities who utilize the data for their own internal needs and operations with specific Asian focus; semi commercial vendors requiring data to feed their applications such as trading tools, charting tools and risk management applications; and commercial data and index vendors that intend to expand within Asia at minimal operational cost.

Source: Reference Data Review: October 11, 2004, Issue 21

Filed under: Corporate Action, Data Management, FiNETIK News, Market Data, News, Reference Data, Standards, , , , , , ,

Finetik Offers to Manage Data for Users, Vendors

Finetik Partners, a Singapore-based data and content management advisory company, will launch a new service called Asian Data Content Service next Monday, Aug. 9, says managing partner Stephan Stadelmann.

The service will provide asset managers, hedge funds, brokers and vendors with market data from local Asian vendors that is customized to meet their specific requirements in terms of both content and normalization format. Finetik effectively represents the local data vendors outside of their home countries.

Users can access corporate actions, financial reporting, financial statements, end-of-day pricing, company fundamental data such as management structures and holding structures, equity data, economic indicators and indices. Japanese earnings estimates and fixed-income, commodities and derivatives data for China and Taiwan are also available.

Finetik will meet with the clients and find out what their data requirements are and in what format they would like to receive the file, and how often. This information is then passed on to the local vendors, which audit the data and then deliver a file customized to a client’s needs. The file is delivered once a day through e-mail or FTP. However, the Chinese data can also be delivered via a direct data feed from the local Chinese vendor as often as the client requires, including in real time.

So far Finetik is representing four local data vendors based in Hong Kong, China, Taiwan and Japan, respectively. Together, they cover China, Taiwan, Japan, Hong Kong, Singapore, Malaysia, South Korea, Thailand and the Philippines. However, Stadelmann declines to name the vendors.

For end users, especially asset managers that focus on a specific country, the service could offer a much more economical way of getting data from a local vendor while ensuring that the data is customized to their particular needs, says Stadelmann. He says that it can be costly to set up the infrastructure to receive data from a major vendor. The prices are quite high as well, he adds. If you only want one market it can be quite expensive.

In addition, users will receive data as reported in that particular country or normalized to their own format, which Stadelmann says is actually quite an advantage to the normalized form, which for example Bloomberg or Reuters are providing. He adds that Finetik has seen a lot of interest in the data content and data modeling areas due to Basel II.

Currently, data used by the front office, back office, research, settlement and risk management departments of the same institution can be accessed through different systems or applications within or outside of a firm. This has proven to create inconsistencies, errors, costs and risk exposure, says Stadelmann. “So we’re helping to come up with design concepts on data models and integration and migration on how you pull that altogether and influence the processes,” he says.

Finetik also offers the service to companies that want to resell or redistribute data from the local Asian vendors. The idea is that they can access the whole Asian market without needing to set up operations, which rather costly,” he says. Those companies will pay the vendors for the privilege at an agreed rate based on the usage of the data vendor.

Source: Inside Market Data: August 2, 2004, Vol 19 No 44

Filed under: FiNETIK News, News, , ,

MetaBit and FINETIK partner on FIX trading solutions for China’s Securities Industry

Tokyo, 16 February, 2004 – MetaBit, provider of MetaXLTM, the FIX enabled multi-broker hedge fund trading tool, today announced a strategic partnership agreement with FINETIK Partners, Singapore to introduce FIX enabled order routing and trading services for China’s securities industry. Key focus is given to the exchanges of Shanghai and Shenzhen. The two companies combine their strengths in specialised consulting services for operational risk and risk management with new technology solutions to help securities firms in China to address operational control combined with increased efficiency on trading life cycles for China’s brokers that cover a nation-wide branch network. MetaBit, who specializes in equities trading solutions for the financial industry, has commited to localise its trading solution MetaXLTM to the Chinese market. FINETIK has obtained the rights to resell MetaXLTM in China directly or through its affiliated partners.

MetaXLTM is a scalable real-time trading and order routing system that is FIX (Financial Information eXchange) enabled and greatly helps its clients to streamline Straight-Through-Processing (STP) of equities products. At its core sits a residual database that records any transaction of a trading life cycle. This database can be efficiently leveraged for interfacing to risk management, position keeping and settlement systems. MetaBit has an established client base in South East Asia and Japan.

MetaBit’s products and FINETIK’s consulting services promote STP and operational control for securities companies and fund managers in China. MetaXLTM’s remote installation through internet download and leverage of secure Internet VPNs (Virtual Private Networks) will facilitate China’s brokers and fund managers to support a state-of-the-art trading and order routing application with limited support and investment costs. This drastically reduces transaction processing time, setting the foundation for shorter settlement cycles and improving risk management and operational control towards China’s regulatory bodies.

The partnership with FINETIK allows clients in China to access MetaBit’s support services through FINETIK as well as their FIX-based consulting services for integration, training and re-engineering of business processes. FINETIK was selected to partner with MetaBit due to their experience in China’s securities markets and local partnership network. FINETIK provides specialised data management consultancy to the Shanghai Stock Exchange and other Stock Exchanges and financial institutions in South East Asia. It is of FINETIK’s speciality to combine their expertise with the introduction of practical solutions to their clients, by means of promoting specialised products such as MetaBit’s MetaXLTM to their clients. FINETIK’s unique approach to consulting services leads to effective operations, accountability and reputation in the financial industry as clients receive integrated solutions from consultancy to product implementation, tailor-made to their needs.

“MetaBit is confident that MetaXLTM will be a value added service to brokers and fund managers in China,” said Daniel Bürgin, CEO of MetaBit. “MetaBit’s technology that embraces the FIX protocol and secure internet communication allows a fast growing market in particular to deploy the product across a nation-wide network of branches without physical interaction. Investments in infrastructure and support to maintain a vast client and branch network is minimal. The product’s user interface is double-byte and currently being localised to Chinese with full integration of Chinese equities products in early 2004. Expertise with existing clients trading real-time long/short equities strategies across Asia through secure Internet VPN gives MetaBit the confidence to offer a scalable solution to China’s financial industry, addressing their specific need to increase trading efficiency as well as introducing better controls on trading activities. ” Mr Bürgin closes his statement saying, “MetaXLTM will bring equal benefits to China’s regulatory bodies, brokers and fund managers alike. ”

“FINETIK has proactively engaged itself in China already before the recent attention/hype on China’s economy. FINETIK has built its trust in China and South East Asia by its professionalism and commitment to service the financial industry. Our specialist know how has proven successful as shown by FINETIK’s track record with stock exchanges, regulatory bodies and securities firms in China and South East Asia,” said Stephan Stadelmann, Partner of FINETIK. “Part of FINETIK’s success is our strategy to liaise with innovative and reliable partners that complement our consultancy services with specialist products that help manage our clients’ operational risk controls proposed by our firm. MetaBit and its MetaXLTM order-routing and trading product matches our company philosophy. FINETIK sees particular potential for the product with regards to China’s financial industry’s needs on operational control and increasing efficiency on trading cycles and Straight-Through-Processing. The modern technology and Chinese language capability combined MetaBit’s philosophy of white-labeling and virtually no upfront investment costs, makes MetaXLTM particularly interesting for the Chinese market. Securities houses and fund mangers could jump the evolutionary curve of IT investment by utilising this product to become FIX enabled without major systems overhaul and hardware upgrades. An important road-show by FINETIK jointly with MetaBit will introduce the products to the exchanges, regulatory bodies as well as brokers and fund managers. The partnership is a stepping stone for both companies to build its businesses in China by leveraging each others strengths and expertise.”

About MetaBit: MetaBit is a privately owned technology company established in 2000, focused on development and support of specialized buy side trading applications that provide multi-broker connectivity into various equities markets. MetaBit is also specialized in FIX consultancy. MetaBit’s flagship product, MetaXLTM is targeted at hedge funds and asset managers trading into Japan and other Asian markets, regardless of geographical location. Clients are based in Japan and South East Asia, and consist of renowned buy and sell side institutions.
For more information: http://www.meta-bit.com

About FINETIK: FINETIK Partners is an information management consulting firm established in 2002, specialized on data strategy, architecture, risk and audit for the financial securities administration and operations in Asia. FINETIK services are focused on practical solutions in operational effectiveness and risk mitigation in use of financial data for back/front offices, asset management, exchanges and data vendors. Clients are based throughout Asia and consist of renowned institutions.
For more information: http://www.finetik.com

Filed under: Asia, China, Exchanges, FiNETIK News, FIX Connectivity, Japan, News, Singapore, Trading Technology, , , , , , , , , ,

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