Fidessa's Asian Platform To Enhance Trading Capabilities Of CCBIS

State of the art Asian trading platform from Fidessa group plc is being used by CCB International Securities Limited (CCBIS), the Hong Kong based securities trading subsidiary of China Construction Bank. CCBIS has started using Fidessa's institutional trading platform in

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State-of-the-art Asian trading platform from Fidessa group plc is being used by CCB International Securities Limited (CCBIS), the Hong Kong-based securities trading subsidiary of China Construction Bank.

CCBIS has started using Fidessa’s institutional trading platform in response to growing demand for international applications from institutional investors.

Fidessa’s Asian trading platform is fully managed software embracing client FIX connectivity, front office trading, middle office functionality and low latency exchange connectivity.

As part of its new application, CCBIS also joined Fidessa’s global connectivity network, which provides trading links between more than 310 brokers and 1,800 buy-sides around the world.

CCBIS has started using Fidessa’s order execution (trading direct as a member on the Hong Kong Stock Exchange), order and confirmation management and back office support, all of which was delivered along with full user training within 12 weeks from contract signature as part of the hosted trading platform package.

“CCBIS is the only Chinese brokerage house using the state of the art globally recognized Fidessa trading platform,” says Stuart Gates, head of Sales Trading, CCBIS. “The Fidessa platform puts CCBIS trading capability on par with the leading global bulge bracket firms.”

“We are delighted to welcome CCBIS to the Fidessa community as our ninth fully hosted Asian trading platform client,” says Nevin Price, regional manager, Fidessa, Asia. “Our proven solution and global buy-side connectivity network will enable CCBIS to compete as they continue to expand on the international stage.”

“Asia continues to present growth opportunities for Fidessa, with local players increasingly seeking to upgrade their platforms as the demands of electronic trading in Asia continue to evolve on the international stage,” continues Nevin Price.

“Fidessa’s continued investment in the region, its international reach and market leading solutions all assist in providing our clients with the stable and solid foundation upon which they confidently expand their business services.”

L.D.

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