Fidessa has further expanded its global reach with the opening of an office in Mumbai. The new office, which includes data facilities, builds on the strength of other regional bases in Hong Kong, Singapore, Tokyo and Sydney and follows growing demand from Fidessa’s global clients to trade Indian equities and derivatives.
Sayant Chatterjee, previously Fidessas senior vice president of Business Development in New York, will head up the operations as managing director of India.
The Mumbai office and datacentres enable Fidessa to offer a fully localized service to firms trading the Indian equity and derivatives markets, and enhances on-the-ground support for Fidessas current clients in India.
Chatterjee commented: We look forward to the opportunity to partner with our customers and Indian exchanges to become an established vendor in this market and adapt our globally successful trading platform for this dynamic environment. With growing customer demand for advanced trading technology and favourable developments in capital markets regulations on third-party outsourcing, Fidessa has decided to broaden its presence in India.
Through the local operation, clients will be able to access Fidessas multi-asset trading, risk management and connectivity solutions. A key component for Indian markets is the suite of advanced trading tools, which comprises Fidessas algorithmic trading engine, BlueBox, as well as basket and pairs trading capabilities.
Fidessa has opened three other new offices within the last 12 months, establishing operations in Sydney, So Paulo and Chicago.
(JDC)