NYFIX, Inc., a trusted provider of innovative software that optimize trading efficiency, and MetaBit, a Tokyo based FIX connectivity provider, announce their new partnership agreement. NYFIX has added MetaBit’s MLH (Market Liquidity Hub) to the NYFIX Marketplace, giving Marketplace members efficient access to an increased number of Japanese brokers and regional exchanges.
MetaBit’s MLH clients will benefit from membership with the NYFIX Marketplace, FIX-based trading community, gaining the ability to efficiently trade with more than 400 buy-side and 475 sell-side firms who are currently members.
“We are on a mission to provide members of the NYFIX Marketplace with the broadest range of electronic trading services and global liquidity sources possible,” says Bob Moitoso, global head of the FIX Division at NYFIX. “By partnering with MetaBit we’ve been able to accelerate our reach into the Japanese markets and satisfy our members’ request for access to brokers and exchanges in the region. We look forward to working with MetaBit to continually provide our buy-side and sell-side members with enhanced applications and opportunities for more efficient electronic trading.”
“Today’s firms need extended connectivity to gain traction in global markets,” says Daniel Burgin, CEO, MetaBit. “The NYFIX Marketplace offers MetaBit’s clients a great platform to international markets. This partnership supports a natural progression for our FIX network and allows our clients to gain seamless access to one of the world’s largest FIX enabled trading communities.”
“NYFIX is committed to expanding its Japanese client base and supporting the unique requirements of our local clients,” says Claus Kwon, business development director for NYFIX Japan. “Not only does this partnership provide global reach and seamless access to a variety of trading tools and services, via the NYFIX Marketplace, it also creates a powerful local community for our clients in Japan, enabling more sophisticated trading.”