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

Derivatives: Struggling Into the New Era – Outlook 2013/14

The past few years have been challenging for the global economy but it seems as though the derivatives industry sustained more than its share of insults and injuries over the past year or so. Still reeling from the trauma of MF Global in October of 2011, exchange-traded volume went into its first nosedive in decades.

Urgent regulatory requirements added intense cost and time pressures to company staffs that were already stretched. A non-clearing FCM, Peregrine Financial, collapsed in scandal. OTC derivatives struggled with complex regulatory mandates and weak volume.

Perhaps the only positive for the year was that mergers and acquisitions at both the macro and micro level imply that innovation and creativity are still powerful industry drivers. That in turn suggests that the creative dynamism that has characterized the derivatives industry for so many years still has some innings to go.

Read the detailed report about Derivatives market outlook, challenges and issue of big deals, exchange mergers and new start ups, customer protection, Regulatory,Extraterritorial and Tax problems  and more. 

Source: WEF 25.04.2013 by Nicolas Ronalds

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Filed under: Asia, Brazil, Exchanges, Risk Management, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Japan: Tokyo and Osaka exchanges to merge into world’s 2nd largest exchange

Tokyo Stock Exchange Group Inc. and Osaka Securities Exchange Co. decided Tuesday to merge on Jan. 1, 2013, to create the world’s second-largest bourse, amid consolidation moves among international rivals, they said.

The total market capitalization of companies listed on the two bourses stood at $3.67 trillion, or 280 trillion yen, at the end of September, placing them only behind the New York Stock Exchange.

The two bourses will merge into a holding company, tentatively named Japan Exchange Group Inc.

TSE President Atsushi Saito will become chief executive officer of the holding company and OSE President Michio Yoneda will be its chief operating officer, they said.

“We are confident that this merger will be the cornerstone in reviving Japan’s economy,” Saito said at a joint press conference held in Tokyo.

In the run-up to the merger, privately held TSE will buy OSE shares for 480,000 yen per share through a public tender offer to acquire a 66.6 percent stake in OSE by next summer.

OSE, a publicly traded company, will be the surviving company in the merger at a ratio valuing TSE at around 1.7 times OSE.

The resulting company will be listed on the First Section of the Tokyo Stock Exchange and run four subsidiaries for stock trading, derivatives trading, clearing services and regulatory operations, according to the bourses.

The merger decision comes amid an international reconfiguration of stock exchanges. NYSE Euronext, which owns the New York Stock Exchange, has agreed to merge with Deutsche Boerse AG by the end of this year.

It also comes as the Tokyo and Osaka bourses are engaged in fierce competition with global rivals such as the bourses in China and South Korea.

“Unless we increase (market) liquidity, there will be companies that will head to overseas bourses,” Saito said, adding, “More than just preventing such moves, we intend to attract them.”

The combination of the TSE with its focus on actual shares and the OSE on derivatives will result in “great synergy” with the ability to provide a variety of financial products, cut costs for running systems and enhance global competitiveness, the two bourse operators said.

While the initial news of the bourses’ intention to merge broke in March, nine months elapsed before the two sides formalized an agreement on Tuesday.

On the length of time they required, Yoneda said, “We have a history of operating separately for 133 years, and there was also the difference of being listed and unlisted, but we’ve cleared each step one by one and now we’re at a starting point,” adding they want to speed up the process from now.

The announcement was generally well received by analysts and other key figures in Japan.

“A bourse with a good balance between cash equities and derivatives would emerge,” said Sadakazu Osaki of Nomura Research Institute, calling it a starting point to compete with other Asian and European bourses.

“Listed companies and investors may not see the merits immediately, but in the long run, it would help avoid the risk of bourses stagnating in Japan,” he said.  Meanwhile, Chief Cabinet Secretary Osamu Fujimura said the government “welcomes” the planned merger.

“It’s an important challenge for our country’s financial market to try to strengthen its competitiveness through the enhancement of its presence as an international financial center,” he said at a press conference.

Filed under: Asia, Exchanges, Japan, News, , , , , , ,

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, , , , , , , , , , , , ,

Osaka Securities Exchange: Merger With Jasdaq Securities Exchange, Inc.

Osaka Securities Exchange Co., Ltd. (OSE) is pleased to announce that OSE and Jasdaq Securities Exchange, Inc. (Jasdaq) have merged on April 1, 2010. In accordance with the merger, OSE have started to operate JASDAQ and NEO.

Source: MondoVisione, 01.04.2010

Filed under: Asia, Exchanges, Japan, News, , , , , , , ,

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, , , , , , , , , , , , ,

Global economic slowdown is not stopping Asia’s exchanges.

A  year ago, traders and technology vendors in Asia were riding a growing wave of liquidity and technology adoption. Direct market access (DMA), alternative trading systems (ATSes) and crossing networks steadily increased throughout the region as regulatory barriers began to fall away. While the financial crisis is putting a damper on the party, don’t expect opportunities in Asia to dry up, experts say.

“Asia is on a path of evolution that is going to converge eventually with the technology in the West,” says Neil Katkov, the Tokyo-based managing director of the Asia research group at Celent, a global financial market research and consultancy. With many traders and brokerages tightening their belts, adoption may slow, he says, but it will not disappear.

The opportunities are greatest for Asia’s exchanges themselves, which could take advantage of the slowdown to improve their own technology and compete with some of the trading networks that have been entering the region. “I think we’re going to see more of a realization from the exchanges that adopting modern technology is a competitive imperative,” Katkov says.

CONTINUING GROWTH
While algorithmic trading and order management systems (OMSes) have continued to grow in the region, the trends that attracted the most attention in 2008 were trading networks and DMA capabilities. Regulators in the region spent much of the year grappling with how to accommodate the dark pools, crossing networks and off-exchange trading platforms that were arriving and expanding.

These networks have been driven in part by an expansion of asset classes. A wide range of investors has been diversifying, adding new products into their portfolio. “Traditional buy-side firms such as pensions are starting to look into over-the-counter (OTC) derivatives, commodities and foreign exchange (FX),” Katkov says. “More products are being traded more frequently by more types of people.”

Local brokerages are also starting to make a difference, says Nevin Price, regional manager for Asia at Fidessa, a global trading systems, market data and connectivity solutions vendor. Aiming to compete with larger international firms, local brokerages are looking to adopt the newest technologies and gain access to new markets. As markets tighten, brokers want to keep costs down, and technologies that help to streamline trading and provide easy access to exchanges have been on the rise.

Many of these brokerages had their options expanded in the last year. Joining Liquidnet and ITG, which have been operating crossing networks in Asia since 2007, a new network entered the market.

BlocSec, an Asian electronic crossing network that opened in May and is owned by brokerage CLSA, now has 70 customers and operates in Hong Kong, Japan and Singapore. Liquidnet and ITG’s Posit network have also expanded their networks in the region. Still, with only a handful of players, there is ample room to grow.

“While dark pools have exploded in the US, they are still at their beginning stages in Asia,” says Ned Phillips, CEO of BlocSec. “I really think the more platforms the better in Asia, as it will grow the market but will not result in the fragmentation seen in the US.”

Crossing networks have an easier time entering Asia, as they don’t require a wholesale change in regulations, says Katkov. The arrival of DMA and the push of alternative trading networks, however, signal the loosening of some regulatory barriers in the region. “India has just allowed DMA this year and Australia is considering allowing off-exchange trading,”

A CHANCE TO COMPETE
While regulatory changes opened up markets in the past year, the financial crisis could prompt some exchanges to act defensively, blocking the incursion of off-exchange trading platforms and other networks that could cut into their liquidity.

Exchanges have taken defensive positions in the past, like  Australia as a recent example. While three off-exchange networks have applied to operate in the country, a call to review the regulations governing exchanges in the country has delayed the process for more than a year. Malaysia has also delayed allowing DMA on that country’s exchange.

Sang Lee, co-founder and managing director of Aite Group, an independent research and consultancy firms focusing on the financial services industry, says he believes the economic slowdown will help Asia’s exchanges view the competition in a new light. “Ironically, with all this mess happening the exchanges themselves are in great positions,” Lee says. “In the Asia market, real competition has not happened yet. All of the exchanges in Asia have the opportunity to become more innovative and more aggressive and competitive against some of these new smaller players.”

Many of the problems of the financial crisis appeared in the OTC market, Lee points out, which do not boast the transparency that traditional exchanges offer. “All indications are that we will see a heavier hand in terms of regulation in the coming year,” he says. “The global exchange market will have a lot of opportunities to take advantage of that.”

This is an opportunity that is unique to Asia. In Europe and the US, traditional exchanges are already losing significant amounts of liquidity to alternative trading venues. “For the European market it might be too late already,” says Sang. “But in Asia, exchanges have the chance to come out ahead.”

Exchanges in Asia could move to beat dark pools at their own game, offering their own alternative-type trading venues. Partnering with already-established networks in the West such as Chi-X could be another strategy Asian exchanges employ in the future.

“These are defensive moves, but not in a conservative way,” Katkov says. “Instead, they are trying to embrace new technologies and attract the most efficient services they can. I think that is the type of defensive move we’re more likely to see.”

Source: Waters Online, by Lauren Hilgers 06.01.2009

Filed under: Asia, Australia, Exchanges, News, Trading Technology, , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

MetaBit offers low latency FIX connectivity for TSE’s Remote Trading Participants – メタビット、東証「リモート取引参加者」へ高速FIX接続を提供

Tokyo, 12 November 2008 – MetaBit confirms its high performance, low latency FIX exchange connectivity solution is suitable for Tokyo Stock Exchange (TSE)’s recently announced co-location services for offshore trading firms, that will request direct participation in Japan’s largest exchange. メタビットは自社のローレインテンシー、ハイパフォーマンス取引所FIX接続ソリューションが東京証券取引所(東証)のオフショアトレーディング機関のためのコロケーションサービス向けに新たに提供開始されたと発表しました。これにより海外の機関は日本最大の売買高を誇る取引所に直接参加できるようになります。

Since 2003, MetaBit has actively deployed its pure FIX-to-native exchange connectivity for high performance trading access to Japan’s exchanges, including the commodity exchange.  The architecture of MetaBit’s technology is based on the world’s leading Orc CameronFIX engine.  Today, securities companies select MetaBit’s FIX-to-native exchange connectivity solution for its standardised FIX API that combines high performance and low latency, with cost efficient support.

“On 30 September 2008, TSE announced its plans for “Remote Trading Participant Services” that will allow offshore firms with no branch in Japan, direct market participation.  This will facilitate increased liquidity for Japan’s markets,” explains John Edwards, MetaBit CTO.  “Our company’s FIX exchange connectivity to TSE represents a particularly convenient solution for such trading firms.  The product, branded “Alpha,” allows easy trading access through a standardized FIX interface that rationalizes TSE’s native API whilst achieving consistently high performance combined with low latency.  MetaBit’s FIX solution can be deployed in the announced co-location services at TSE, at other data centers, or at a Japan broker member’s site.”

* Performance of MetaBit’s FIX to native exchange connectivity Alpha product, has been independently measured to provide throughput above 3,000 messages per second and average latency below 2 millisecond per order at a sustained through-put of 800 orders per second1. * アルファは秒速3,000メッセージ以上、1オーダーのレイテンシーは2ミリ秒以下、1秒800オーダーを常時処理するというパフォーマンス数値を残しています※1。

“Japan’s exchanges have often believed FIX to be slow,” continues Edwards, “but MetaBit’s FIX exchange solution has a proven track record since 2003, and has successfully demonstrated that FIX is capable of high performance and low latency.  TSE’s native API is often difficult for non-Japanese firms to build connectivity to, and ongoing support becomes particularly time consuming due to ongoing changes to the API.  To have built a standardised FIX API removes all such concerns for our clients, and delivers trading access to TSE in a format that is very familiar to all firms deploying FIX.”

Today, MetaBit’s FIX exchange connectivity clients consist of broker members varying from Japanese domestic players, to global brokerage firms that trade multi-asset classes on all of Japan’s major exchanges ranging from cash equities, index futures and options, CBs to commodity futures. 今日、メタビットのFIX取引所接続ソリューションは国内のブローカー及び、日本の全ての主要取引所で取引される株式、指数先物・オプション、CB、商品先物を含めマルチアセットクラスに対応したグローバルなブローカーが導入しております。

——————————————-
* 1Performance measured on the following hardware: HP Proliant DL385, 2x Dual Core AMD 2Ghz, RHEL4 Update 2, 64-bit. * 1パフォーマンスは次のハードで測定: HP Proliant DL385, 2x Dual Core AMD 2Ghz, RHEL4 Update 2, 64-bit.

About MetaBit
MetaBit is the provider of the MLH (Market Liquidity Hub), an Asian broker portal that offers Direct Market Access (DMA) to 34 brokers and access to ten exchanges through its intuitive buy side trading tool XiliX.  The MLH is also accessible through the FIX Protocol, and provides access to more than 1,800 execution destinations worldwide in conjunction with MetaBit’s FIX partner networks.  MetaBit is the only provider of pure FIX to native exchange connectivity to TSE, OSE, JASDAQ and TOCOM that focus on sustained high performance and low latency.  Other products include Exchange Message Simulators to Japan’s major stock exchanges, and FIX testing and certification products.  MetaBit actively promotes FIX throughout Asia.

Partners include leading network provider BT Radianz, number one FIX connectivity solution provider Orc Software, renowned FIX testing and certification system provider Greenline Financial Technologies, and the world’s largest exchange provider NASDAQ OMX.

For more information please visit http://www.meta-bit.com <http://www.meta-bit.com/&gt;
Media Contacts, Koiji Ito, +81 3 3664 4160, sales@meta-bit.com

Source:Meta-Bit,12.11.2008

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

CME signes agreements with Osaka and Korea Exchanges

CME and OSKA signed MOU

CME Group has signed a memorandum of understanding with the Japan’s largest derivatives market, the Osaka Securities Exchange, under which both parties will jointly develop new products and services. The agreement is part of the US derivatives exchange’s plans to expand its global footprint to the BRIC countries.

CME Group has long been planning to expand into markets including Brazil, Russia, India, China and Korea via partnership agreements with local counterparts. It has already established a partnership with the Korea Exchange and is currently working on proposals for the local futures market.

The Japanese exchange is also looking at expanding its global coverage, Michio Yoneda, president and CEO of Osaka Securities Exchange, explains: “We hope this new partnership will advance the presence of Osaka Securities Exchange throughout the world. Especially, the futures products on the Nikkei Stock Average, which are listed on both of our exchanges and well established as a benchmark of the Japanese market, have an intrinsic potential for further growth through mutual cooperation.”

CME and KRX signed 5 years contract for KOSPI 200 futures

CME Group and the Korea Exchange (KRX) have signed a five year agreement for the KOSPI 200 futures contract to be listed on CME Globex, the electronic trading platform of CME Group.

The terms of the agreement include the creation of a telecommunications hub in Seoul and will mark the first time the KRX has embarked on a third party agreement for its KOSPI 200 product.

More than 30 million KOSPI 200 futures, based on the KOSPI 200 stock index of the largest South Korean companies as measured by market capitalisation, traded through July of 2008. Under the proposed agreement, CME Group will match the trades, with the KRX continuing to clear and settle their products. A memorandum of intent was signed between the two exchanges last year.

The contract, which will trade from 2am to 3pm local time Chicago, or 5pm to 6am local time Seoul, will be offered on the same platform as CME Group products, including derivatives on: the S&P 500, Nasdaq-100, Dow Jones Industrial Average, MSCI Emerging Markets and MSCI EAFE stock indexes; Eurodollars, US Treasury bonds and notes; foreign exchange; grains and livestock; energy; metals; weather and real estate.

“The addition of the KRX’s KOSPI 200 contract onto CME Globex will be an important part of our continued global expansion,” says CME group executive chairman Terry Duffy.

“This agreement with the KRX is another example of CME Group’s continued expansion into the Asia marketplace,” adds CME group CEO Craig Donohue. “Asia is a critical market and key area of focus for our long term growth strategy. By adding the KOSPI 200 futures to CME Globex, we will increase worldwide access to this important benchmark product.”

Chairman and CEO of the KRX Jung-hwan Lee says: “This agreement for trading of KOSPI 200 futures on CME Globex will further strengthen the strategic cooperation between the CME Group and the KRX, and together, the two organisations plan to lead the global derivatives market.”

Source: A-Team Asian Markets, 09.09.2008

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

Asian Traders and Investors Conference 2008 国際分散投資フェア

The Asia Trader & Investor Convention (ATIC) is the largest platform for Asia’s local investors and traders. An average of 6000 visitors gather in different cities to learn and be educated about the latest strategies, products and services offered by local and international Exchanges, Brokerage Firms, Banks, Asset Management Firms, Information Service Vendors and other financial service providers.

Tokyo, 1-2 November 2008 Sponsor Opportunities 国際分散投資フェア

Ho Chi Min City, 31 May – 1 June 2008
Mumbai, 12-13 April, 2008
Kuala Lumpur, 22-23 March, 2008
Singapore, 1-2 March,2008
Bangkok, 12-13 January

Filed under: Events, , , , , , , , , , , , , , , , , , , , , , , ,

MetaBit launches standardized FIX connectivity to Japan’s new JSDA OTC Reporting

MetaBit announces the delivery of a standardised FIX interface to the new JSDA (Japan Securities Dealers Association) file based OTC Reporting System scheduled to be launched late October 2008.  The new system will replace the current OTC Reporting at JASDAQ, Japan’s OTC exchange, which is expected to merge with OSE in 2009.

MetaBit will deliver the production version of the new FIX gateway to its client base on September 26, 2008 to allow time for testing.  The new product will support all available standard versions of FIX.

The FIX gateway to JSDA OTC Reporting complements MetaBit’s Alpha product line that provides high performance FIX-to-native exchange connectivity to TSE, OSE, JASDAQ and TOCOM (Tokyo Commodity Exchange).  The technology is built on the world leading Orc CameronFIX platform.

“The upcoming OTC Reporting function requires Japan’s exchange members to report all OTC trades within five minutes of execution,” explains Daniel Burgin, MetaBit CEO.  “The regulatory importance of timely reporting was the driver for this new FIX solution, in answer to our clients’ needs.  It has been a somewhat unusual move, as the new reporting system is file based.  Nonetheless, MetaBit’s new FIX interface to JSDA’s OTC Reporting will be critical to deliver a complete and standardised FIX solution for Japan’s markets.  As a result we have seen immediate demand in the market place.”

In Japan, MetaBit is the only software provider of pure FIX to native exchange connectivity for all listed products at all major exchanges (TSE, OSE, JASDAQ, TOCOM).

Source: MetaBit, 21.August 2008

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

NYFIX Marketplace、メタビットとの業務提携により日本市場の流動性アクセスを大幅拡大

トレードの効率を最大限に生かすイノベーション・ソリューションのプロバイダーとして定評のあるNYFIX社(米NASDAQ市場登録NYFIX)と東京のFIX接続プロバイダーであるメタビットは本日、両社の業務提携を発表しました。NYFIXはメタビットの市場流動性ハブ(MLH)とNYFIX Marketplaceを接続することにより、より多くの日本のブローカー、および日本の取引所への効率良いアクセスをメンバーに提供できることになりました。一方、メタビットMLHのクライアントは、世界有数のFIXに準拠した取引コミュニティーで、マネージドサービスであるNYFIX Marketplaceのメンバーとなり、他のメンバーであるバイサイド400社以上、セルサイド475社以上と効率良く取引できることになります。

NYFIX社Global Head、FIX Division、Bob Moitoso氏は、「当社はNYFIX Marketplaceメンバーに最大限広範な電子取引サービスと世界的な市場流動性を提供することを目標としております。メタビットとの業務提携により、当社の日本市場への浸透を加速化させることができ、日本のブローカーと取引所へのアクセスを望む顧客の要望を充たすことができました。当社はメタビットと共同でバイサイド、セルサイド顧客に電子取引ソリューションの拡張と効率良い電子取引の機会を提供できるものと期待しております。」と述べています。

メタビットCEO、ダニエル・ブルギン氏は、「現在各金融機関は牽引力を高めるため、広範なコネクティビティを必要としています。NYFIX Marketplaceはメタビットの顧客に国際市場への大きな足場を提供することになります。今回の業務提携は当社FIXネットワークを拡張する上で自然な流れであり、これにより当社のクライアントは世界有数のFIX準拠の取引コミュニティーに円滑なアクセスを得ることになります。」と述べています。

NYFIXジャパン、ビジネス・デベロップメント・ディレクター、Claus Kwon氏は、「NYFIXは日本のクライアント・ベースの拡張、また日本顧客特有のニーズを最大限支えることを確約しております。今回の業務提携はNYFIX Marketplaceを介して世界の市場へ、そして様々なトレード・ツールとサービスへの円滑なアクセスを提供するばかりでなく、日本国内に強力な取引コミュニティーを生み出すことにより、日本のクライアントに、より高度なトレードを可能にするでしょう。」と述べています。

NYFIX Marketplaceは業界有数のFIX専門家によってサポートされ、中立で柔軟性の富んだ、完全管理された電子取引ソリューションです。ソリューションの構成はFIXオーダー・ルーティング、IOI、FIX認証、バージョン変換、広範なトレーニングおよび教育プログラムから成ります。NYFIX Marketplaceのメンバーは新たな取引先、および新しいサービスにより、広範な市場流動性へのアクセス、取引コストの削減、市場アクセスの迅速化といった恩恵が得られます。

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メタビット
メタビットはアジアのブローカー・ポータル(証券会社への接続サービス)である市場流動性ハブ(MLH: Market Liquidity Hub)のプロバイダーで、バイサイド用直観的売買ツールであるXiliXを通してブローカー34社を通したDMA(市場へのリアルタイム・アクセス)と10の取引所へのアクセスを提供している。MLHはFIXプロトコルを介してアクセスすることも可能で、メタビットのFIXパートナー・ネットワークと連結して世界1,800カ所以上の執行先へのアクセスを提供している。メタビットは東証、大証、JASDAQ、および東京工業品取引所への接続を可能にする純粋なFIX接続を提供する唯一のプロバイダーである。さらにメタビットは日本の主要取引所の売買電文メッセージのシミュレーターを提供すると同時に、アジア全域にFIXを推進しており、FIXのテストと検証サービスを提供している。
パートナー会社は、ネットワークとホスティング屈指のプロバイダー、BTラディアンス社、世界有数のFIX接続ソリューション・プロバイダーであるオルクソフトウェア社、FIXテストと検証システムのプロバイダーとして名高いグリーンライン・フィナンシャル・テクノロジーズ社である。

XiliXとMLHはメタビットの登録商標製品である。

詳細:www.meta-bit.com <http://www.meta-bit.com/&gt;

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Nyfix connects to MetaBit Market Liquidity Hub

NYFIX has added MetaBit’s MLH (Market Liquidity Hub) to the NYFIX Marketplace, giving Marketplace members efficient access to an increased number of Japanese brokers and regional exchanges. MetaBit’s MLH clients will benefit from membership with the NYFIX Marketplace, one of the leading fully-managed, FIX-based trading communities in the world, gaining the ability to efficiently trade with more than 400 buy-side and 475 sell-side firms who are currently members.

Bob Moitoso, Global Head of the FIX Division at NYFIX comments: “We are on a mission to provide members of the NYFIX Marketplace with the broadest range of electronic trading services and global liquidity sources possible. By partnering with MetaBit we’ve been able to accelerate our reach into the Japanese markets and satisfy our members’ request for access to brokers and exchanges in the region. We look forward to working with MetaBit to continually provide our buy-side and sell-side members with enhanced solutions and opportunities for more efficient electronic trading.”

Daniel Burgin, CEO, MetaBit adds: “Today’s firms need extended connectivity to gain traction in global markets. The NYFIX Marketplace offers MetaBit’s clients a great platform to international markets. This partnership supports a natural progression for our FIX network and allows our clients to gain seamless access to one of the world’s largest FIX enabled trading communities.”

Source: NYFIX 04.08.2008

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Asia and South Africa Trading Hubs link Bi-Directional Trade Flow

MetaBit, Japan and Peresys, South Africa link FIX Networks for Bi-Directional Trade Flow

Tokyo, Johannesburg, March 19, 2008 – MetaBit, Tokyo, a leading provider of FIX connectivity in Japan and Asia has certified its MLH FIX Network with Peresys’ Business Process Network (BPN), Africa’s pre-eminent FIX services and connectivity provider. Respective clients can now access equities and derivatives listed on the JSE (Johannesburg Securities Exchange) as well as all of Japan’s securities exchanges for both Care and Direct Market Access orders.

This new joint offering will satisfy an increasing client need for global execution reach from home markets. One of the major advantages is that from a single point of access, the leading South African fund managers and hedge funds connected to the Peresys BPN can now trade with MetaBit’s 33 connected brokers executing on Japanese exchanges and all other regions, while MetaBit’s Japan client base who have particular interest trading into South Africa’s top 30 brokers, can route orders through a simple local connection to MetaBit’s local MLH. Please click here for details.

Source: 19.02.2008 MetaBit Systems

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