Metabit To Expand FIX DMA Network To Asia Through BT Radianz

MetaBit has moved its Market Liquidity Hub (MLH) broker portal to the professional network and hosting services of BT Radianz. The move is part of MetaBit's strategic expansion into Asia, which will provide localised MLH access points to Asian markets

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MetaBit has moved its Market Liquidity Hub (MLH) broker portal to the professional network and hosting services of BT Radianz. The move is part of MetaBit’s strategic expansion into Asia, which will provide localised MLH access points to Asian markets including Hong Kong, Singapore, and Australia initially, as well as in Japan. All clients utilising the MLH or MetaBit’s intuitive broker trading tool XiliX can access this new trading network that leverages BT Radianz’s expertise in network and hosting services at local costs.

Working with BT Radianz allows MetaBit to emerge as the only regional player to provide an Asian exclusive broker portal and DMA trading network to markets in Asia which are fully compliant with the FIX protocol. The XiliX terminal accesses the MLH in Japanese, English, traditional and simplified Mandarin, and Korean.

“As electronic trading continues to grow across Asia Pacific, more end users are realizing the benefits DMA and algorithmic trading bring to the market,” says Richard Man, Head of Sales in Asia Pacific at BT Radianz. “As a result, demands in this region are constantly changing, requiring flexible, innovative and scalable solutions that enable fast and seamless access to financial clients across this region. Radianz Proximity Solution enables key players in Asia Pacific, such as MetaBit to meet customers’ growing demands and maintain a competitive edge.”

“It is MetaBit’s objective to be the leader in Asia for FIX enabled Direct Market Access and order routing,” says Daniel Burgin, MetaBit CEO. “Working with BT Radianz is an important milestone, as we can deliver a regional MLH network that will be expanded over the next 12 months in Asia. It has been synchronized with the enrichment of our XiliX trading terminal to cover Hong Kong, Taiwan, Korea, Singapore and Australia, by product coverage and also language. MetaBit has created the foundation of what is to date, the only Asian regional broker portal driven by a service provider truly home in Asia. Beyond state-of-the art technology, our corporate culture reflects our local focus, expertise and services. MetaBit delivers locally tuned services throughout Asia, which are tailored to buy sides’ needs by providing local access points for FIX DMA trading.”

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