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MetaBit opens Dalian, China based Offshore Development Centre / メタビット、大連(中国)に開発センターを開設

Tokyo, Dalian, 20 October 2009 – MetaBit announces the opening of a dedicated offshore development centre in Dalian, China.  Staffing and line management have been outsourced to Tiger Stone International, Dalian Branch, a subsidiary of Tokyo based Tiger Stone International Co., Ltd. (TSI).  TSI is a specialist solution provider that services Japan’s financial industry with China based offshore development, and also offers a proprietary product line in the area of algorithmic trading and risk management.

The new dedicated development team managed by Tiger Stone International will focus on providing MetaBit with additional development capacity for rapid expansion of their intuitive XiliX trading platform and ALPHA low-latency FIX exchange gateways to Asian markets.

“After careful evaluation of several options for offshore development, MetaBit has selected Tiger Stone International in Dalian, China to be the responsible party to offer us their services.  Of particular importance in the selection was our confidence in Tiger Stone International’s trusted leadership and professional skill set,” comments Daniel Burgin, MetaBit CEO who continues, “Cost effective labor is still plentiful in Asia, but eventual success, efficiency and longevity of offshore development are built on trust and the quality of local management to represent our interests.  TSI offered low cost development in China, trusted leadership, and extensive technical and business experience in the financial industry, proving a compelling solution.  This new partnership represents an important milestone in MetaBit’s strategic expansion in Japan and Asia.”

John Edwards, MetaBit CTO explains, “Sydney will remain the core development centre of MetaBit and will continue to grow, albeit at a slower rate than in 2008/2009.  Jointly with Tiger Stone we have established an extensive know-how and training program to create an efficient and solid China based development centre.”

Huyan Song, Tiger Stone International CEO ,was born and educated in Mainland China and has spent his working career in Japan’s financial industry, gaining specialist expertise in the FIX Protocol, risk management and algorithmic trading solutions.

Song comments, “Tiger Stone delivers a dual service to the financial industry; the combination of providing offshore services, and licensing our own product line which focuses on algorithmic trading and risk management solutions for buy and sell side clients.  Due to our industry expertise, we employ skilled labor that is bilingual Chinese/English or Chinese/Japanese.  We have had a successful partnership with MetaBit since 2008, with focus on product synergies.  Today, I am pleased that the relationship has expanded to leverage Tiger Stone’s offshore development services.  As of October, an initial six of our Dalian based staff have been dedicated to MetaBit, and are currently undergoing an extensive training program to familiarize themselves with MetaBit’s technology and products.  Tiger Stone’s own product line of algorithmic trading and risk management is tailored for mid-tier securities firms that face the need to offer such services to institutional buy sides, but suffer from lack of internal resources and expertise.”

メタビットシステムズ株式会社(以下メタビット)は、大連(中国)に開発センターを開設することを発表しました。スタッフと現地のマネージメントは東京に本社があるタイガーストーンインターナショナル株式会社(TSI)の子会社、タイガーストーンインターナショナル大連支社に外部委託することになりました。TSIは中国を拠点に日本の金融機関に開発のアウトソーシングと、自社開発製品のアルゴリズム取引とリスク管理分野における製品を提供しているスペシャリストです。

タイガーストーンインターナショナルによって新しくメタビットの開発に従事するチームは、メタビットの直観的トレーディング・プラットフォームXiliX(ザイリクス)および低レイテンシーFIX取引所ゲートウェーAlpha (アルファ)のアジア市場での急速な拡大に必要な開発力を補助することになります。

メタビットCEOダニエル・ブルギン氏は、「オフショア開発の様々な選択肢を入念に評価した結果、メタビットはタイガーストーンインターナショナルの大連支社にサービスを提供していただくことを決定いたしました。決定に際し特に重視した点は、タイガーストーンインターナショナルの信頼あるリーダーシップとプロフェッショナルな技術力にありました。また、アジア地域における低コストの労働力は数多く存在しますが、最終的に成功と効率性をもたらし長期的にオフショア開発を行うには信頼と我々に代わって取り仕切る現地管理の質の上に成り立つものです。TSIは中国において 低コストでサービスを提供しつつ信頼のあるリーダーシップ、豊富な技術力と金融機関での実績があり、決定にいたりました。この新たなパートナーシップはメタビットの日本とアジアにおける戦略的市場拡大の重要かつ画期的な出来事であることを表しています。」と述べています。

メタビット技術部長ジョン・エドワーズ氏は、「シドニー支店はメタビットの中枢技術開発センターとして2008年、2009年の増員と比べると多少緩やかにはなりますが今後も増員していく予定です。タイガーストーンと共同で広範囲なノウハウとトレーニングプログラムを構築し実践的で強力なオフショア開発センターを中国につくることができました。」と述べています。

タイガーストーンインターナショナルCEO松木虎岩氏は中国本土の出身で日本国内の金融機関においてFIXプロトコル、リスク管理およびアルゴリズム取引システムソリューションの専門知識を得ました。

松木氏は、「タイガーストーンは金融機関に二つのサービスを提供しております。オフショアアウトソーシングサービスおよび自社開発製品であるアルゴリズム取引とリスク管理ソリューションをバイサイドとセルサイドに提供しております。弊社は中国語/英語もしくは中国語/日本語のバイリンガルで技術力の高い人材を採用しています。メタビットとは2008年より両社製品の相乗効果を目的としたパートナーシップを提携しております。今日、メタビットがタイガーストーンのオフショア開発サービスを活用していただいていることを嬉しく思います。10月時点では大連支社から6名のエンジニアがメタビット開発の専属となり、現在集中的なトレーニングプログラムによってメタビットの技術と製品を学んでいます。タイガーストーンのアルゴリズム取引とリスク管理システムは、バイサイド顧客にそのようなサービスを提供する必要性に直面しながら不十分な社内リソースと専門知識のために躊躇している中堅証券会社向けに開発された製品です。」と述べています。

Source: MetaBit, 20.10.2009メタビット

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4th China International Oils and Oilseeds Conference (CIOC) 7th November 2009

The 4th China International Oils and Oilseeds Conference (CIOC), jointly organized by Bursa Malaysia and Dalian Commodity Exchange (DCE) and the The NextView (NextVIEW) will be held in Shangri-La Hotel Guangzhou, China on November 7-8, 2009.

For Program and Registration click here

We would be honored to invite you join the most attractive annual event for China’s oils and oilseeds industry. Malaysia is one of the largest export countries for palm oil, with the most successful futures market of crude palm oil worldwide. Palm Oil Conference (POC), organized by Bursa Malaysia for 20 years, is the most successful conference in the global oils and oilseeds market, and attracts more than 1000 delegates from over 40 countries. Bursa Malaysia and Dalian Commodity Exchange, the largest futures exchange in China since 2000 and the second largest agricultural futures market in the world, built up a strategic relationship of cooperation in 2006, and, to better serve for investors and for global oils and oilseeds industry, jointly organized the 1st CIOC in 2006 as the sister event for POC, which provides a high-level platform of information exchange and networking for both spot and futures markets of oils and oilseeds. With strong support by investors and industry, the CIOC is a flagship annual event for the industry and attracts over 700 audiences every year.

The event is co-sponored by: The NextVIEW (Singapore), CBOE (USA) , BM&FBOVESPA (Brazil), China National Grain Association, China Soyabean Industry Association and China Cereals and Oils Association.

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China Regulators: Careful preparations ahead of Index Futures

The long-awaited stock index futures in the mainland market still need careful preparation due to changing situations, a senior official with the China Securities Regulatory Commission (CSRC) said, dampening market hopes that the product will kick off year.

At the half-yearly work meeting of the CSRC this week, a senior official said the regulator will continue preparatory work for the stock index futures under the principle of pursuing high standards and a smooth start, China Business News reported Thursday, quoting a source who attended the meeting as well.
While fortifying operations for existing futures products, the regulator will introduce new trading products steadily, the official said.

Currently, the nation’s fuel oil and metal futures contracts are traded in the Shanghai Futures Exchange, while farm produce futures deals are made in Zhengzhou and Dalian.

Established in 2006, the China Financial Futures Exchange will cover trading of Financial derivatives, including the stock index futures. Its virtual transaction is already under way.
Previously, there were market rumors that preparations for the index futures were close to an end and the launch was just around the corner.

Although the regulator has expressed similar expectations on different occasions, the situation has changed beyond the original plan so far, the CSRC official said. He vowed that financial authorities will review the market performance and make relevant preparations.
The official noted that the regulators will carefully consider individual investors’degrees of acceptance in the design of index futures. They will also draw lessons from warrants issued to prevent excessive speculation.

Last week, a source from China International Capital Co said the stock index futures trading is likely to be launched in January of next year rather than sometime this year after the Beijing Olympics.
The source stressed that the authorities deemed it prudent to launch index futures trading in a stable stock market environment with limited daily price fluctuations.

Source: SINA.com, CITIC Futures, Mr. Liang Haisan, 01. August 2008

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