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Metabit Expands Asian Trade Connectivity

Tokyo/Hong Kong, 29 March 2011: In the past year, Tokyo-based Metabit has concentrated on building its connectivity across Asia.  The company aims to be the local face of execution destinations in Asia and over the past eight months, it has added an extra 13 domestic DMA destinations, expanding domestic and cross-border access to Asian markets.

“Metabit is at the heart of  connectivity in Asia” comments Daniel Burgin, CEO of Metabit, “not just for providing access to Asia for global players, but also in particular for the local and domestic  industry in this region.”

“For example, in India we have 20 execution destinations of which 10 are domestic Indian brokers.  We are similarly successful with increased connectivity in other countries such as Korea and Taiwan.”

Overall, Metabit’s trading access has been extended to many markets ranging from Indonesia to Pakistan and Mainland China to Australia.  The company now has access to over 250 execution destinations, across all active DMA markets in Asia, including Japan.

“We want to maximise connectivity to and within Asia for our client base, who can directly access all execution destinations across the major and emerging markets in Asia either through Metabit’s intuitive XiliX trading platform, or through our MLH via a single FIX connection.”

Burgin adds a final comment, “Situated where we are in Tokyo, with offices in Hong Kong, Dalian and Sydney, we understand the needs of Asia market players, whether they want to trade globally or locally. You could say the mindset of Asia is in our blood – we think Asia, so our clients can trade Asia.”

About Metabit

Uniquely placed in Asia, with global experience and a real knowledge of Asian markets, Metabit provides the technology and support to help clients trade and connect effortlessly and efficiently.  The company delivers an intuitive trading platform that encompasses a well-established trading community and unrivalled exchange connectivity solutions.

Metabit provides ultra low latency DMA trading solutions for Asian markets, serving buy side and sell side clients.  It specialises in comprehensive compliance controls, whilst reducing transaction times and facilitating trading opportunities across all major markets across 14 Asian countries, including Japan.

Metabit’s flagship solutions are XiliX intuitive buy side trading platform and MLH a vendor neutral Market Liquidity Hub.  Alpha provides ultra-low latency exchange connectivity and Exsim simulates Asian and Japanese exchanges.  All Metabit’s products are powered by the CameronFIX engine.

Source: Metabit, 29.03.2011

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Filed under: Asia, Australia, China, FIX Connectivity, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, News, Singapore, Thailand, Trading Technology, , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Patsystems Selected As Technology Provider For Indonesia Commodity And Derivatives Exchange

Patsystems is pleased to announce that it has been selected as the preferred technology supplier for the newly established Indonesia Commodity and Derivatives Exchange (ICDX). Patsystems will provide ICDX with the complete exchange solution which includes the trade matching engine, clearing and settlement platform, pre-trade risk management and the front-end execution platform.

Using Patsystems’ robust and scalable exchange platform, ICDX will run on advanced, low-latency technology. The flexible, internet deployable front-end trading platform will be easy-to-use and suitable for all types of traders. ICDX will benefit from Patsystems’ global network of customers, which will automatically bring thousands of traders to the ICDX market.

Operating from a country renowned for being amongst the world’s largest producers of agricultural commodities and industrial raw materials, the ICDX is poised to serve as a major venue for price discovery, benchmark pricing and risk management. The Patsystems’ exchange solution will facilitate the integration of electronic trading among this multitude of domestic producers and traders, and provide access to international customers who want to participate in this deep marketplace.

Megain Widjaja, Managing Director of ICDX, said: “Patsystems empowers ICDX to provide open connectivity, which enables global market access to ICDX and the ability to collaborate with other exchanges around the world. Together, we are confident that we can create a successful marketplace.”

Barry White, Regional Director of Asia Pacific, said: “Being selected as the key technology provider for ICDX fully illustrates the breadth of Patsystems capabilities with the provision of exchange, clearing, trading, and risk management technology. Our systems are flexible enough to be used independently, or in this case, integrated into one comprehensive front to back turnkey solution.”

Source: Patsystems, 08.09.2009

Filed under: Asia, Exchanges, Indonesia, News, Risk Management, Trading Technology, , , , , , , , , ,