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METABIT and NextView sign Multilingual Asian Order Routing and Market Data Pact.

Singapore, April 16, 2007 – NextVIEW Pte Ltd (NextVIEW), the leading Pan Asian financial information vendor and MetaBit Systems Co., Ltd. (MetaBit), specialist provider of FIX DMA trading solutions, have signed a Memorandum of Understanding during Singapore’s ATIC Asian Traders and Investors Convention on 14/15 April, to leverage their services and offer information data services with FIX compliant institutional DMA and algorithmic trading in Asian markets. With this strategic alliance, NextVIEW and MetaBit will cater to the needs of buy sides across Asia, who trade equities, derivatives, and commodities across multiple markets throughout the region. Clients will be able to interactively combine NextVIEW’s real-time market data and charting tools with MetaBit’s XiliX intuitive DMA trading platform.

This new service offered by two companies that are both home to Asia, represents an attractive value proposition to institutional investors who trade across international borders into Asian markets.

Initially, the service of interactively leveraging NextVIEW’s market data and charting terminals with XiliX, will be provided for markets in Japan, Hong Kong, Australia, Taiwan, Korea and Singapore, with ASEAN and Indian markets to follow. This will represent a multi-asset offering, spanning cash equities, index futures and options, and commodity futures.

“Teaming with MetaBit will create an excellent value added proposition to NextVIEW’s existing clients that increasingly look to convert analytics and real-time market information into an order, placed directly on Asian exchanges,” says Stephen Lai, NextVIEW CEO, “NextVIEW is an Asian information service provider that is unique and has been looking for a partner that is equally focused on Asia, with a deep understanding of the region’s needs.”

“The planned offering with NextVIEW will be the first truly Pan-Asian solution by providers that have their origin in Asia,” says Daniel Burgin, MetaBit CEO, “MetaBit and NextVIEW both have an intrinsic know how of local markets, with services to complement each other. By combining financial information with cross market DMA connectivity, XiliX will further grow as a multi-asset, multi-market trading solution, catering to the needs of domestic market participants as well as overseas investors trading into Asia.”

About NextVIEW Pte Ltd

NextVIEW Pte Ltd (NextVIEW) is the leading Pan Asia financial information vendor that provides real-time streaming market data, news and analytics solutions, decision support tools to securities brokerage firms, financial services institutions and private traders in more than 10 countries in Asia.

NextVIEW’s Investor Education division actively partners with the leading and emerging securities exchanges, international, regional and local securities brokerage firms in Asia to provide timely and relevant educational programs in English, Chinese, Thai, Vietnamese and other Asian languages.

Headquartered in Singapore, NextVIEW operates direct offices in Kuala Lumpur, Bangkok, Hong Kong, Shanghai, Ho Chi Minh City and will open its first India office in Mumbai during the first half of 2007.

NextVIEW is an authorized data vendor of major financial and commodity exchanges from USA, Europe and Asia, such as CME, CBOT, NYMEX, COMEX, LIFFE, SGX, Bursa Malaysia, Stock Exchange of Thailand, Agricultural Commodity Exchange of Thailand and Thailand Futures Exchange and regional distributor of Dow Jones Equities, Commodity and Forex news. For more information please visit http://www.thenextview.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 nineteen brokers and access to eleven 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 actively promotes FIX throughout Asia and offers FIX testing and certification services to the industry.

Partners include leading network and hosting provider BT Radianz, number one FIX platform provider Cameron Systems, market data and trading consultancy specialist FINETIK Partners, and renowned FIX testing and certification system provider Greenline Financial Technologies. XiliX and MLH are registered trademarks of MetaBit. For more information please visit http://www.meta-bit.com

Filed under: Data Vendor, FiNETIK Articles, Japan, News, Singapore, Trading Technology, , , , , , , , ,

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