Instinet's CBX ASIA Becomes Fidessa's New Trading Venue

Fidessa group, a provider of trading, market data and global connectivity software, extends its CBX ASIA connectivity agreement with Instinet to include Hong Kong equities. As a result, Fidessa's institutional client base can now seamlessly execute trades through CBX ASIA

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Fidessa group, a provider of trading, market data and global connectivity software, extends its CBX ASIA connectivity agreement with Instinet to include Hong Kong equities.

As a result, Fidessa’s institutional client base can now seamlessly execute trades through CBX ASIA for both Japanese and Hong Kong stocks.

“The addition of Hong Kong stocks on CBX ASIA offers a number of benefits to our customers on the network and is a key move in achieving maximum coverage of the region,” says Simon McDowell, managing director, Global Connectivity, Fidessa.

“It remains our strategy, both in Asia and globally, to offer the widest possible choice of trading venues. The strong partnerships we already have with the key venues in other locations mean that we are well-placed to offer connectivity quickly as they enter the Asia Pacific region. Our focus remains on expanding the network and ensuring that it is poised to adapt to the changes in the market as they occur going forwards.”

“Given the current market environment, clients are more focused than ever on execution quality, making alternative liquidity pools like CBX ASIA increasingly popular,” says Christian Chan, head, Electronic Trading, Instinet, Asia.

“We are pleased to extend CBX ASIA for Hong Kong equities to Fidessa’s global client base who are already trading CBX ASIA for Japanese equities.”

L.D.

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