MarketPrizm Invests In Channel Model To Meet Growing Demand For Managed Trading Infrastructure In Asia
Going forward, channel partners will be able to include MarketPrizm’s scalable infrastructure and data services as part of the managed solutions they provide to their customers. Traders across the region will be able to contract managed solutions incorporating a tailored mix of market data, co-location, direct market access (DMA), risk management, data centre and cloud services. Current channel partners in Asia include KVH Co., Fusion Systems and Object Trading.
MarketPrizm will also continue to grow the range of buy-side and sell-side services it offers from ISVs and complementary partners as part of its managed services portfolio. This means that market participants will now be able to access MarketPrizm’s leading ultra-low latency market data and managed infrastructure solutions, as well as additional value-added services offered by its partners, as a combined solution from a single source.
“By removing the need to maintain multiple contracts and vendor relationships, we are making it easier for financial firms to outsource their trading setup to gain a competitive advantage and to focus on generating alpha,” said Jay Hibbin, Commercial Director at MarketPrizm. “We are excited by the opportunity the new channel model presents for MarketPrizm in Asia. This further cements our commitment to the region following a string of recent announcements including partnerships with Fusion Systems and Object Trading.”
“We have seen tremendous growth in Asia, particularly as the market has become more sophisticated in technology adoption,” explains Gerry Turner, Executive Director at Object Trading. “Market participants in Asia are looking into ways to tap into global investment opportunities. Together with MarketPrizm, we offer a fully managed platform that allows firms to access over 60 liquidity venues with minimal investment in market data, trading infrastructure and system integration.”
As part of the creation of the new channel model, MarketPrizm also announces the appointment of Richard Man as Head of Sales, Asia-Pacific. Bringing over 18 years’ experience in front office technology, Richard will head-up MarketPrizm’s sales teams in Tokyo, Hong Kong and Singapore and will be responsible for expanding MarketPrizm’s indirect sales channels in Asia-Pacific. He will be based in Tokyo and report to MarketPrizm’s Commercial Director, Jay Hibbin.
Hibbin concludes: “We are delighted to welcome Richard to the MarketPrizm team. His experience in working with customers across exchanges, sell-side and buy-side is a tremendous asset for the further growth of our business in Asia-Pacific.”