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China Merchants Securities (CMS), a leading player in the Hong Kong financial markets, has gone live with Fidessa’s new “fully managed and outsourced” Asian trading platform, say Fidessa officials.
CMS officials have “upgraded [to it] from its previous system to benefit from [Fidessa’s] expanded capabilities,” Fidessa officials say.
CMS, majority owned by the People’s Republic, is employing Fidessa as its “strategic platform for the Hong Kong market, and will benefit from its integrated global FIX [Financial Information eXchange protocol] network, algorithmic trading engine and post-trade allocations and commission calculation capabilities,” according to Fidessa. “The new platform is fully integrated with CMS’s own internal systems as well as a number of other third party networks and systems.”
The vendor, a publicly traded software and services provider based in the U.K., also notes that 85% of the world’s top financial institutions use Fidessa offerings for multi-asset trading and investment infrastructures, market data and analysis, and decision-making and workflow technologies.
Fidessa was formerly known as Royalblue group and changed its name to Fidessa in 2007.
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