Published On: Wed, Dec 1st, 2010

Fidessa Expands in Asia

Fidessa group plc, provider of high-performance trading, market data and global connectivity solutions for the buy-side and sell-side, has announced December 1 two strategic moves to bolster its growing Asia-Pacific presence: the appointment of a new Head of Sales for Asia and the opening of a Singapore office.

Emily Thomas, previously a key member of the group’s London enterprise sales team, will assume the head sales role in Asia. Thomas will be based in Fidessa’s Hong Kong office and will be responsible for leading and expanding the sales team across the region. She will continue to report to Steve Barrow, Global Head of Sales, as well as Jean-Pierre Baron, Managing Director for Fidessa in Asia-Pacific.

In another step to build on its momentum in the region, Fidessa is opening a new office in Singapore as its second major base in Asia, after its regional headquarters in Hong Kong. This move reflects the popularity of Fidessa’s trading and connectivity solutions within Singapore and across south-east Asia. It will provide operational support to Fidessa’s growing Asian client base, while complementing the Fidessa Singapore network hub, co-located with Chi-East, which opened in May 2010 to provide access to its Software as a Service trading platform, ultra low-latency market data and global liquidity network solutions.

Jean-Pierre Baron, Managing Director for Fidessa in Asia-Pacific, says: ‘We have seen considerable success in the past two years in Asia having signed a number of clients to our trading platform and connectivity network from across the region and entered into significant partnerships with some of the area’s key players. Our goal has always been to ensure that participants in the Asian markets have access to the technological solutions that they need in what is a rapidly changing trading environment, and these two strategic developments will ensure we continue to achieve this. Emily’s appointment will play a critical role in growing the business and help build on recent successes in the region. At the same time, the new office in Singapore will extend our ability to support existing clients and allow us to continue to provide the consistent level of service that they have come to expect.”

Fidessa’s network provides connectivity to more than 2,400 buy-sides and 550 brokers across 142 markets globally. Each month, the network carries flow with a value of around US$700 billion. Fidessa’s products serve over 26,000 users across around 900 clients worldwide and are used by more than 85 per cent of tier-one financial institutions.

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