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

ICE offloads Nyfix and Metabit to Ullink

Intercontinental Exchange (ICE), the leading global network of exchanges and clearing houses, announced today that it has signed a definitive agreement with ULLINK, a provider of electronic trading and connectivity solutions to the financial community, for the combined sale of NYFIX and Metabit, both units of NYSE Technologies.

The transaction, which is subject to regulatory approval, is expected to close in the third quarter of 2014. The terms of the transaction were not disclosed.
“This agreement completes our stated goal of taking certain stand-alone NYSE Technologies businesses and positioning them with other leading technology companies that can enable them to continue to grow and innovate on a global scale,” said Ben Jackson, President and Chief Operating Officer, ICE Futures U.S. and President, NYSE Technologies. “With more than one thousand firms and order execution venues connecting to NYFIX and Metabit from key trading venues around the world, we are committed to working effectively with the ULLINK team to support this transition.”
NYFIX offers a portfolio of end-to-end technology solutions for the financial services industry with FIX-based products designed to handle a firm’s high-performance messaging, connectivity, routing and monitoring needs. NYFIX Marketplace™ is a global community of more than 1,000 trading counterparties with connections to exchanges and other electronic trading venues, including Metabit’s extensive reach in Asia.
Metabit’s operates a collection of electronic trading and connectivity solutions, including Direct Market Access (DMA) capabilities that enable access to financial markets throughout Asia. Based in Japan and built on cutting-edge technology designed in Asia for Asian markets, Metabit links more than 140 market participants in the region.

This agreement completes Intercontinental Exchange’s previously announced intention to divest certain non-exchange related assets of NYSE Technologies.

Evercore is acting as the exclusive financial advisor and Shearman & Sterling LLP as legal advisor to Intercontinental Exchange on this transaction.

 
Source: Finextra 23.06.2014
Advertisements

Filed under: Asia, Australia, FIX Connectivity, Hong Kong, Japan, Korea, Singapore, Trading Technology,

NYSE Technologies opens Tokyo liquidity centre

Nyse Technologies, the commercial technology division of Nyse Euronext, today announced the opening of its latest Liquidity Center installation located in Tokyo, Japan.

With growth in Asian markets outpacing many others in the world, the NYSE Technologies Tokyo Liquidity Center offers customers the ability to access these markets with unparalleled speed and reliability with minimal infrastructure costs and a dramatically decreased time to market of only a few weeks to begin trading.

As a result of several recently deployed trading platforms and enhanced data feeds, Tokyo markets have experienced increased trading activity and a consolidation of liquidity from a robust community of traders and vendors, many of which are already members of the Metabit network acquired by NYSE Technologies in September 2011. Through the Liquidity Center’s low-cost, high performance product suite, customers can access key Asian markets, market information and other essential electronic trading infrastructure services utilizing NYSE Technologies’ SFTI network and other familiar infrastructure services, including the Capital Markets Community Platform. The Tokyo Liquidity Center joins existing facilities in the U.S. and London with additional centers launching in Toronto and Brazil in the coming months.

“In working with our customers to identify their primary trading needs and opportunities, we found that Tokyo and the surrounding Asian markets were a very high priority,” said Stanley Young, CEO, NYSE Technologies. “Our Tokyo Liquidity Center addresses those needs with a powerful blend of proven, familiar NYSE Technologies services with seamless connections to all major Tokyo markets. With little to no hardware investment or complicated maintenance, we can have customers connected in just a few weeks as compared to the challenging expense and arduous process of designing, building and maintaining a similar infrastructure themselves.”

The NYSE Technologies Tokyo Liquidity Center was built to facilitate seamless access to key markets and market information in Asia, including the Tokyo Stock Exchange’s new Tdex+ system and arrowne arrownetTM network. Offering a fully managed, broker neutral trading infrastructure solution that utilizes the technology expertise and customer network recently acquired in the Metabit transaction, the liquidity centers also feature many of the same components customers already use to access NYSE Euronext’s global exchanges. Each installation will feature a turn-key portfolio of trading products that include full-featured connectivity, market data, order transmission and risk management services with world-class customer support.

About the Liquidity Center Network
The NYSE Technologies Liquidity Center Network was created to provide a base set of trading, data and connectivity applications that enable traders to quickly and easily enter key global markets that may have been prohibitively difficult or expensive to access in the past. Customers will benefit from reliable, cost effective low-latency solutions for trading and market data services. Strategically located around the world, these facilities will offer many of NYSE Technologies core services, including Metabit MLH which provides low latency, risk-managed access to markets; SuperFeed™, an industrial strength, high-performance market data ticker plant and distribution system; and Marketplace™, one of the largest and most diverse FIX-based trading communities with more than 1,200 market participants.

Source, Finextra, 15.12.2011

Filed under: FIX Connectivity, Japan, Trading Technology, , , , , , , , ,

NYSE Technologies extends CameronTec FIX enginee relationship in Asia Infrastructure

 CameronTec, the global financial industry’s long-standing provider of FIX infrastructure and connectivity solutions and wholly owned subsidiary of Orc Group (SSE: ORC), today announced an agreement with NYSE Technologies to continue providing the CameronFIX and Catalys technologies for its Asian operations.  Signed in August, the agreement also covers reseller rights for CameronTec products in Japan and is based on CameronTec’s licensing subscription model.

NYSE Technologies recently acquired Metabit, the Tokyo-based provider of high performance market access products that includes a trading community of more than 140 trading firms throughout Japan and Asia.  Continuing the existing relationship between Metabit and CameronTec, CameronFIX has powered many of Metabit’s valued market assets and solutions since 2002.

“Japan and Asia are key priorities for NYSE Technologies and our global customers.  Our products are built in Asia for the local market and CameronFIX has been an important part of that strategic offering since 2002,” said Daniel Bürgin, Head of Asia Pacific, NYSE Technologies. “As a new product line within NYSE Technologies, Metabit will continue to work with CameronTec to provide high performance connectivity to Japan’s exchanges while offering local market participants access to and support for Cameron’s suite of solutions.”

“We are especially pleased to be working alongside NYSE Technologies to continue to deliver FIX technology as part of the Metabit product suite and have them support our products throughout such a critical market as Japan,” says Anders Henriksson, CEO, CameronTec. “CameronTec is continuously working to improve the standard in FIX infrastructure and to provide our markets with cutting edge innovation for which we are renowned. These developments are a further demonstration that CameronTec continues to lead the industry in FIX innovation.”

At the core of CameronTec technology is a unique understanding of the FIX world that comes from a concentration of the world’s largest FIX deployments. With a host of industry-firsts, Catalys and CameronFIX technology provide unprecedented levels of flexibility and innovation that firms need to sustainably differentiate in today’s markets.

Source: NYSE Technologies, 07.12.2011

Filed under: Asia, Hong Kong, Japan, Korea, Malaysia, Singapore, , , , , , , , , , ,

NYSE Euronext Completes Acquisition of Metabit

NYSE Euronext (NYX) announced September 2 the completion of its acquisition of Metabit, a leading Tokyo-based provider of high performance market access products with a trading community of more than 140 trading firms throughout Japan and Asia. As announced previously on Aug. 1, 2011, Metabit will operate as a product line within the NYSE Technologies portfolio (further enhancing service to the Asia-Pacific region). Terms of the acquisition were not disclosed.

Daniel Bürgin, formerly CEO of Metabit, will head the NYSE Technologies Asia business and report to Stanley Young, Chief Executive Officer of NYSE Technologies. Peter Tierney, Managing Director of NYSE Technologies will become the Chief Operating Officer of the combined business in Asia, and he, with Mr. Bürgin, will lead the Asian business operations.

Source: NYSE Technologies, 01.09.2011

Filed under: Asia, FIX Connectivity, Hong Kong, Japan, News, Trading Technology, , , , , , , , , , , , , , , , , ,

NYSE Euronext Accelerates Growth in Asia with Strategic Acquisition of Metabit, a Leading Provider of Market Access Products

— Strategically complements NYSE Technologies’ product portfolio and Asian offerings

— Addresses growing customer interest and expanding Asian financial marketplace

— In-line with NYSE Technologies’ strategy of building a global liquidity network

 New York and Tokyo – August 1, 2011 – NYSE Euronext (NYX) announced today it has entered into a definitive agreement to acquire Metabit, a leading Tokyo-based provider of high performance market access products throughout Japan and Asia. Metabit will operate as a product line within the NYSE Technologies portfolio. The transaction is expected to close in third quarter of 2011. Terms of the acquisition were not disclosed.

Skilled with in-depth experience and understanding of financial markets in Asia, Metabit specializes in streamlined, low-latency technology solutions that enable industry-leading access to financial markets across Asia. Metabit’s products connect buy-side order flow with sell-side exchange participants and are designed exclusively for low latency direct market access (DMA) and exchange connectivity to markets through-out Asia. The company is headquartered in Tokyo, with offices in Australia and Hong Kong. Metabit has built a trading community of more than 140 trading firms in Asia.

“Metabit’s products are built in Asia for Asia, and this combination fits our strategy, our connectivity business and our customer interests,” said Stanley Young, CEO of NYSE Technologies. “Metabit has a highly experienced and respected management team, and we recognize and value the success Metabit has had in Asia, especially in Japan. We will continue the further development of this local focus while also maximizing the value of the NYSE Euronext brand and relationships.”

Mr. Young continued: “Furthermore, Japan and Asia are priorities for NYSE Euronext and we believe this is absolutely the right time to further invest in the region. We fully expect this transaction to accelerate our efforts as a leading technology provider across the Asia-Pacific region. We look forward to welcoming Metabit and its customers to NYSE Euronext, and to delivering the benefits of Metabit to our customer community.”

Daniel Burgin, CEO of Metabit, said: “Our combination with NYSE Technologies will be highly beneficial to delivering innovative solutions to our customers and to accelerate achieving our long-term business goals. We remain committed to our local business focus and service quality in Japan and throughout Asia, whilst being strengthened by NYSE Technologies’ product suite that is highly synergetic to our local solutions. The people and products of our combined companies will provide significant expertise and scale to NYSE Technologies’ business in the region. Joining forces represents a truly exceptional opportunity to build on our local success in order to increase our value proposition to our Japan and Asia customer base. We now have the opportunity to leverage our assets with NYSE Technologies and move to the next level. For the benefit of Asia-based customers, we will now expand our reach and capabilities globally.”

 Metabit’s Asia franchise has seen excellent growth as a result of a persistent product and client strategy and investments into Asia. Today, Metabit covers all DMA sectors outside Japan, ranging from China (“B” shares), India, Hong Kong, Korea, Singapore, Taiwan, Thailand, Philippines, Malaysia, Indonesia, Pakistan, Australia and New Zealand. Metabit’s products, being built in Asia for Asia, focus to connect the local broker community in each country, in combination with the traditional group of global trading firms. Metabit will continue to resell and provide support to users of CameronFIX as they have since 2002.

 Upon closing, Mr. Burgin will head the NYSE Technologies Asia business and report to Mr. Young. Peter Tierney, Managing Director of NYSE Technologies will become the Chief Operating Officer of the combined business in Asia, and together they will lead the business operations.

Source; NYSE Tech, 01.08.2011

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

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

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

Metabit launches simulator for new Osaka Stock Exchange

As the industry eagerly awaits the launch of the Osaka Stock Exchange on 14 February 2011, Metabit has been authorised and licensed by NASDAQ OMX to build an exchange simulator against their OMNetAPI.  Metabit has leveraged its extensive experience of exchange simulation to launch Exsim for J-GATE on the 2nd of December, enabling sell side organisations to comprehensively simulate the new exchange’s APIs, prior to the exchange going live.

Daniel Burgin, CEO of Metabit, commented:

“We are delighted to be the first software vendor to launch an exchange simulator for J-GATE.  Companies will need to thoroughly test out different transaction scenarios before J-GATE goes live and after, when Exsim becomes an integral part of a broker’s internal testing facilities.  Exsim for J-GATE will enable them to do so realistically and effectively as well as supporting the onboarding process for the broker members’ institutional buyside clients on an ongoing basis.”

Exsim for J-GATE is independent of geographical location and time zones.  Organisations using Exsim can simulate the behaviour new J-GATE API for order execution as if were up and running now.

Metabit is headquartered in Japan, with offices in Australia, Hong Kong and Mainland China.  For further information about how Exsim for J-GATE could help your organisation, please contact Kenichi Morita on +81-3-3664-4160, mail sales@meta-bit.com or see http://www.meta-bit.com.

Source: Metabit, 24.11.2010

Filed under: Exchanges, FIX Connectivity, Japan, News, Trading Technology, , , , , , , , , , , , ,

Metabit -Asia’s Trading Hub- Rebrand Marks 10th Anniversary

Metabit is celebrating its tenth anniversary in Tokyo on the 6th October 2010.  In acknowledgement of this milestone, the company which specialises in intuitive institutional trading platforms, exchange connectivity and a well established trading community, has commissioned a new corporate identity, website and advertising campaign.  These are to be launched at The FPL Japan Electronic Trading Summit 2010 on 6th October.

Daniel Bürgin, CEO of Metabit commented:

“We wanted to bring home to our clients and the market at large that our systems have been built out of Asia, for Asia.  It was important to demonstrate our intimate knowledge and understanding of Asian markets.“

“Metabit’s new brand image had to not only represent our commitment to Asia, but demonstrate our unique approach to client solutions and innate dynamism.  Our new positioning, Think Asia, Trade Asia, was developed to convey who we are and our area of speciality.”

A new advertising campaign will also be launched at the conference.  Metabit’s Metamorphosis Campaign, which features a butterfly with a map of Asia superimposed upon its wing, was chosen to symbolise the way in which the company operates. Bürgin continues:

“We wanted an original look that represents our approach. The metamorphosis theme was chosen to reflect the way we help clients transform and develop their business, enabling them to trade effortlessly and efficiently.”

Metabit has four offices in Japan, Australia, Hong Kong and Mainland China.  For more information about Metabit, visit www.meta-bit.com or see the company at Stand 9 at the FPL Summit in Tokyo.

For more information, contact Claus Kwon on +852 3752 0674 or Kenichi Morita on +81-3-3664-4160 or mail to sales@meta-bit.com .


MetabitAd(LowRes).jpg

Filed under: Asia, Australia, China, FIX Connectivity, Hong Kong, Japan, Market Data, News, Trading Technology, , , , , , , , , , , , , ,

MetaBit Trading Technology and Services opens Hong Kong Office

Tokyo/Hong Kong, 18 May 2010 – Specialist DMA and exchange connectivity solution provider MetaBit opens its Hong Kong office in May 2010 as part of its business expansion in Asia.
 
The new Hong Kong office represents a further strategic milestone for MetaBit to accelerate the expansion of its rapidly growing Asian client base and support its strategic objective to service Asia’s financial markets with localized and low latency trading solutions.  The Hong Kong office will promote and support institutional DMA, algo and manual trading across fourteen Asian markets.
 
MetaBit have also announced the appointment of Claus Kwon as managing director for the Asia Pacific ex-Japan business.
 
“I am very pleased to have Claus Kwon taking responsibility to further expand MetaBit’s business outside Japan” says Daniel Burgin, CEO at MetaBit.  “With Mr Kwon’s appointment, MetaBit continues to proactively build on its success and reputation earned through the quality of its technology and MetaBit’s continuous efforts in helping its clients achieve greater trading efficiency. Headquartered in Tokyo, our company is firmly rooted in Asia.  The addition of the Hong Kong office strengthens MetaBit’s ability to deliver the best solution with service catered for local needs.”
 
“I am excited to be joining MetaBit as their business expands in the region and as electronic trading continues to develop at an incredible rate in Asia,” says Mr Kwon. “MetaBit has a history of delivering innovative electronic trading solutions to both global and local clients in the Asia markets. Whilst MetaBit’s solutions are global by underlying technology, their unique infrastructure supports businesses that are serious about their Asia operations and want to stay competitive in this market.”
 
Today, MetaBit covers all of Asia’s DMA and Algo markets through its flagship trading platform XiliX, its vendor neutral FIX hub MLH (Market Liquidity Hub), and Alpha, its ultra-low latency exchange connectivity solution.
With the opening of a Hong Kong office, MetaBit – a pro-active promoter of the FIX Protocol – has formally joined the FPL.
 
About MetaBit –
 
MetaBit is a specialist low latency DMA trading solution provider in Asia reducing transaction processing times and  increasing trading opportunities by providing FIX enabled DMA and algorithmic trading access to market liquidity across fourteen Asia’s markets, including Japan.
 
MetaBit’s flagship products are the XiliX™ intuitive buy side DMA trading platform and MLH, a vendor neutral Market Liquidity Hub. Other products are Alpha, ultra-low latency exchange connectivity to Japan’s exchanges and EXSiM – Japan exchange simulators.  All of MetaBit’s products are powered by the CameronFIX Engine.

Source: Metabit, 18.05.2010

Koji Ito
+81-3-3664-4160
sales@meta-bit.com

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

Japan: TSE to launches “ARROWHEAD”, The Next-Generation Equity/CB Trading System

The Tokyo Stock Exchange (TSE) hereby announces that it has decided to launch “arrowhead”, the new equity/CB trading system held to the world’s highest standards of speed and reliability, on January 4, 2010 as planned.

*The final launch decision is expected to be made on January 2, 2010 after transition testing is complete.
For details on TSE Arrowhead New Generation Trading Systems click here at Arrowehead Square

“arrowhead” is the next trading system developed by the TSE for the next generation cash market in order to meet the needs of investors such as high speed order placement and execution processing and to respond to reductions in sizes of orders and rapid increases in the number of transactions. The new system is used for auction trading of stocks and CBs, and supports the Tokyo Market as an exchange system of the highest global standard for low latency, high reliability, and scalability .

Speed

(1) 5 millisecond Order Response(i)

The response time for order acceptance notices has been accelerated.

(2) 3 millisecond Information Distribution(i)

The latency for distribution of stock prices and quote information has been reduced.

(i)Figures based on those from prior testing.

Reliability

Highly Reliable System built with State-of-the-Art Technology

Trading information such as orders, executions, and order books processed on synchronized 3-node data servers.

Scalability

Quick Resonse to Rapid Changes in the Number of Transactions

The system is capable of being expanded within approximately 1 week when needs surpass the current capacity.(ii)

(ii)Capacity is scaled to handle twice the number of orders seen during peak times.

Expansion of Data Distribution

Large Expansion of Market Information

In addition to accelerated market information, the TSE will also significantly expand the content of market data provided to market users in connection. For example, the number of quotes disseminated will increase from 5 to 8 above and below the central price. All order data in the order book will be provided in real-time through the new service named FLEX Full.

Furthermore, various trading rules are to be revised in conjunction with the launch of arrowhead. (i.e. partial revision of tick sizes, price limits, special quote parameters, etc.) In doing so, the TSE hopes to promote smooth execution, and improve price discovery functions and market liquidity.

Source: MondoVision, 03.11.2009

Finetik Recomends:

Mexican Stock and Derivatives Exchanges BMV & MexDer launch Co-location

Filed under: Asia, Data Management, Exchanges, Japan, Market Data, News, Trading Technology, , , , , , , , , , ,

Liquidnet adds Metabit to its network / リクイドネットの発注管理システムネットワークにメタビットが接続

Lquidnet Japan, the global institutional marketplace, announced today that it has completed the system connectivity development with MetaBit, a Japan-based financial solution provider for institutional investors. Through MetaBit’s intuitive XiliX trading platform, MetaBit users can now join Liquidnet’s 592 Members (as of September 30, 2009) that trade large blocks of stocks among themselves anonymously, with significantly reduced transaction costs. Liquidnet’s patented technology allows institutional asset managers to link order management systems, giving buy-side traders a first look at the world’s largest pool of natural liquidity.

We are pleased to have established connectivity with Liquidnet,” said Daniel Burgin, CEO of MetaBit. “By enabling access to the Liquidnet system, our clients will have the opportunity to expand their block trading capacity to help achieve best execution.”


“We are very excited to partner with MetaBit, a well-respected financial technology provider that services some of the largest and most sophisticated asset managers in Asia,” said Lee Porter, head of Liquidnet Asia. “There is a strong interest among Asian institutions to be considered for inclusion in our marketplace. This agreement will allow those firms that join our marketplace to realize the effectiveness of our trading platform.”

In the third quarter of 2009, Liquidnet had an average trade size in Asian equity securities of US$897,829 which, in some cases, represented several days of average daily volume in some stocks. Despite the challenge of sourcing liquidity of that size, Liquidnet Members traded 95% of transaction within the bid/ask spread and 65% at the mid-price.

Also in the third quarter of 2009, Liquidnet continued to build momentum in the region, as it set quarterly records for principal traded and the number of executions. Liquidnet’s average daily liquidity in Asian equity securities increased over 10% quarter-over-quarter, as a result of the participation of 155 live Members in our system.

Source: Meta-Bit Systems, 01.12.2009

機関投資家向けのグローバルな電子取引市場を運営するリクイドネット証券株式会社(本社:東京都港区)は本日、日本を拠点とする機関投資家向け金融ソリューションを提供するメタビットシステムズ株式会社とシステム接続したことを発表しました。

メタビット社の直載的なXiliXトレーディング・プラットフォームを通じてメタビットのユーザーは592の会員会社(2009930日現在)が匿名で国内外株式ブロック取引を行っているリクイドネットのシステムネットワークに参加することにより、取引コストを大幅に軽減することが可能となります。リクイドネットの特許技術を用いて、機関投資家は自社の発注管理システムを、バイサイドトレーダーに与えられる世界最大級のナチュラルな流動性にリンクさせることが可能となります。

メタビットCEOダニエル・ブルギン氏は、「リクイドネットとのシステム接続が構築されたことをうれしく思います。リクイドネットシステムへのアクセスが可能となることにより、我々の顧客は最良執行を促進するためブロック取引を行うキャパシティを拡大することになるでしょう。」と述べています。

リクイドネットアジアのトップであるリー・ポーター氏は「アジアの最大規模かつ高度に洗練された機関投資家に対しサービスを提供し、業界でも多くの実績を有するメタビットとのパートナーシップに多くの期待を寄せています。多数のアジアの大手機関投資家がリクイドネットのコミュニティに参加することに大きな関心をもっています。今般のメタビットとの接続により、アジアの機関投資家がコミュニティに参加し、リクイドネットの効率的なトレード・プラットフォームについて理解することになるでしょう。」と述べています。

リクイドネットの2009年度第3四半期に取り扱ったアジア株取引の一件当たりの平均取引金額は897,829米ドルで、その内訳には取引所取引高の数日分の取引金額に相当するケースも多数ありました。ボリュームの大きさのため取引所では吸収しきれないブロック注文も含め、リクイドネットのシステムを経由した全ての取引の95%が売り気配値/買い気配値の範囲内で約定されており、65%がその仲値で約定されています。

リクイドネットは、アジア太平洋地域において伸長が著しく、2009年度第3四半期にはアジア株式での総取引金額および取引約定件数で新たな記録を達成し、一日当たりの平均流動性金額も合計155社のメンバーからの参加を通じて対前四半期比で10%上昇しました。
リクイドネットの
2009年度第3四半期に取り扱ったアジア株取引の一件当たりの平均取引金額は897,829米ドルで、その内訳には取引所取引高の数日分の取引金額に相当するケースも多数ありました。ボリュームの大きさのため取引所では吸収しきれないブロック注文も含め、リクイドネットのシステムを経由した全ての取引の95%が売り気配値/買い気配値の範囲内で約定されており、65%がその仲値で約定されています。リクイドネットは、アジア太平洋地域において伸長が著しく、2009年度第3四半期にはアジア株式での総取引金額および取引約定件数で新たな記録を達成し、一日当たりの平均流動性金額も合計155社のメンバーからの参加を通じて対前四半期比で10%上昇しました。

Filed under: Asia, FIX Connectivity, Japan, News, Trading Technology, , , , , , , , , , , , , , ,

India: Religare Technova associates with Fix Protocol

New Dehli, October 26,2009: The entry of FIX Protocol into India couldn’t be at a more opporune moment. It signifies the maturity in the Indian capital market vis-a-vis global markets.

FIX is an unexplored area in India and Religare Technova Global Solutions Limited (RTGSL) has identified it as its key focus in its current strategy. To further reiterate its commitment to the domain, the company is also sponsoring the FIX Protocol Face2Face event in Mumbai on October 29, 2009.

In conjunction with the sponsorship, Daniel Burgin, CEO – MetaBit, a business partner of Religare Technova, has also been invited to share his views at the event. Metabit is a major provider of FIX based high speed, low latency global order routing execution services based out of Japan. Metabit is also a specialist in the provision of program trading consultancy and provides a Global ASP solution.

In the past, systems have been interacting with each other using proprietary communication protocols for data interchange. This has always made systems very rigid and inflexible to change. FIX is the global standard for financial information interchange. FIX allows myriad systems to interchange vast varieties of data by channelizing them through a common standardized protocol.

Globally, few organizations have been early adopters of the Financial Protocol. However in India, FIX is in a nascent concept. Religare Technova is blazing the trail in bringing FIX to India and by incorporating FIX into its Products Suite.

According to Ralph Horne, CEO, Religare Technova Global Solutions Pty Ltd, “Continuous improvement and research on FIX by the open source environment has contributed significantly to the growth of the engine and provides the flexibility to add more functionalities with continuous performance improvement over a period of time. We look forward to being pioneers in bringing this into India.”

Source: Religare, 26.10.2009

Filed under: Asia, FIX Connectivity, India, Japan, News, Trading Technology, , , , , , , ,

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

Filed under: China, FIX Connectivity, Japan, News, Trading Technology, , , , , , , , , , , , , , , , , ,

MetaBit Selects Solace Systems for Nex-Gen Trading Platform

OTTAWA and TOKYO, May 27, 2009 – Solace Systems, the leader in messaging middleware and content networking hardware, today announced that Tokyo-based trading technology provider MetaBit has selected Solace 3260 Content Routers to boost the performance of their trading platforms.

Both of MetaBit’s products – XiliX, an intuitive FIX-enabled multi-market DMA (Direct Market Access) trading platform, and MLH, its product-agnostic FIX Market Liquidity Hub – will be integrated with Solace’s low-latency, high throughput routing technology. Today’s traders know that each millisecond of advantage they hold over competitors can generate increased profits, so today’s connectivity providers must address their need for ever lower latency.

Providers that truly understand this problem are turning to hardware-based messaging technology, as middleware software running on general-purpose servers cannot meet current or future performance requirements. “MetaBit is dedicated to providing its clients with the best-of-breed technology they need to compete in today’s fast-paced markets,” said Daniel Burgin, CEO of MetaBit. “It became evident that Solace’s content routers would complement XiliX and MLH DMA solutions with the fastest speed and plenty of throughput headroom to meet MetaBit’s growing demand.” Solace’s field programmable gate array (FPGA) and network processor-based technology provides the fully failsafe, guaranteed messaging functionality that order and execution management systems require with extremely predictable and low latency.

“Solace’s technology is an excellent fit with MetaBit’s connectivity products as we’re able to provide an easily integrated, guaranteed and reliable messaging solution that offers superior performance and consistency when compared to traditional software,” said Crispin Clarke, SVP Asia and Latin America. “We are pleased to be working with a partner at the leading edge of high-performance DMA trading and order management solutions in Japan and Asia.”

Source: Meta-Bit, 27.05.2009

Filed under: Asia, FIX Connectivity, Hong Kong, Japan, Market Data, News, Trading Technology, , , , , , , , , , , , ,

MetaBit launches Exchange Simulator for upcoming TSE arrowhead – メタビット、東証arrowhead対応の取引所シミュレーターをリリース

Tokyo, 28 April 2009 – MetaBit announces the launch of its Exchange Simulator (EXSiM), which emulates the behaviour of the order and execution interface (API) to TSE’s new arrowhead exchange trading system.

The timing of the product release – eight months prior to the live date of arrowhead, will create a welcome value proposition for sell side brokers and software vendors alike that are developing exchange connectivity against the upcoming arrowhead.  This product launch is the latest addition to MetaBit’s suite of EXSiM – Exchange Simulator software – catering for Japan’s securities exchanges.

EXSiM for arrowhead supports sell side brokers in and outside Japan to prepare their internal software products, including order management systems (OMS), algorithms and exchange connectivity, in preparation for the launch of TSE’s arrowhead exchange system, scheduled to go live in January 2010. “EXSiM for arrowhead is an agnostic software product that emulates the exact behaviour of the new arrowhead trading API.  EXSiM’s strength lies in its independence of underlying operating system and hardware.  The simulator can be installed by a client’s IT development team inside or outside Japan,” explains Daniel Burgin, MetaBit CEO.

“EXSiM is delivered with a console where a user can script specific exchange behaviour, such as rejections and partial fills of orders that might prove difficult to produce during an exchange test.  The timely availability of EXSiM for arrowhead before formal exchange tests are made available, is due to MetaBit being a Pilot User of arrowhead for its own, ultra low latency (below millisecond) FIX exchange connectivity gateway.”

EXSiM for arrowhead is a Java based software.  The product creates benefits to sell side member firms, software vendors and offshore brokers that plan to become remote members of TSE’s arrowhead.  The new simulator product does not replacing formal exchange tests, but aims to reducing time to market for a participants’ development cycles. EXSiM for arrowhead will continue as a standard MetaBit exchange simulator post live date of TSE’s new exchange system.  It will join the suite of other available EXSiM products such as for Osaka Securities Exchange (OSE).

2009年4月28日 メタビットシステムズ株式会社(本社東京)は、東証の新取引システム「arrowhead」に対応した取引所メッセージシミュレーター(EXSiM)をリリースしました。EXSiMはarrowheadへの注文・ 約定のインターフェース(API)のメッセージ制御を正確にエミュレートします。arrowheadの正式稼働予定日の8ヶ月前という今回の製品リリースのタイミングは、現在社内開発をすすめている取引所会員やソフトウェアベンダーにとって、先行して利用し開発の進捗を早めることに寄与する魅力的なバリュー・プロポジションをもたらすものといえます。この製品はメタビットが提供する日本の各取引所に対応したEXSiM-取引所シミュレーターソフトウェア・スイートに新しく追加されたものです。

arrowheadに対応したEXSiMは、国内外の証券会社に対して東京証券取引所により告知されている2010年1月稼働予定の東証の新取引システムであるarrowheadの正式稼働にあわせた自社の注文管理システム(OMS)、アルゴリズム取引システム、取引所接続などのソフトウェア製品に対するより効率的な準備ができるようになります。

メタビットCEOダニエル・ブルギン氏は、「arrowhead向けのEXSiMは、arrowheadの取引APIの動作を正確にエミュレートする他のシステムに依存せず単独で稼働するソフトウェア製品です。EXSiMの優位点の一つは、使用するOSやハードウェアに依存せずに稼働する点です。このシミュレーターは、国内の社内IT開発チームまたは海外でもインストールが可能です。EXSiMは、ユーザが注文の拒否・一部出来など、取引所テストでの再生が難しい取引所システム特有の動作のスクリプトを書くことがコンソール上できるようになっています。今後予定されている正式なテストにむけた、今回のタイムリーなarrowhead向けEXSiMの利用環境は、自社のミリセカンド未満を実現する、ローレイテンシーなFIX取引所接続ゲートウェイ製品の開発のためにarrowheadのパイロットユーザでもあるメタビットの位置付にも関係があります。」と述べています。

arrowhead対応のEXSiMは、Javaベースのソフトウェアです。この製品は、取引所会員、ソフトウェアベンダー、またarrowheadのリモートメンバーになることを検討している海外の会社にとって大きな利点を提供するものとなります。この新しいシミュレーター製品は、正式な取引所テストの代替手段とはなりませんが、arrowheadに向けた参加者の開発サイクルを早め、製品化までの時間(タイムー・トゥー・マーケット)を削減することを目指しています。

arrowhead向けのEXSiMは、東証の新取引システムの稼働後も、メタビットの標準取引所シミュレーターのライナップに追加されます。大阪証券取引所向けなどの他のEXSiM製品とともに製品の一部となります。

Source: MetaBit Systems, 28.04.2009

Filed under: Asia, FIX Connectivity, Japan, News, Trading Technology, , , , , , , , , , , , ,