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| Thursday, 3 April 2014, 11:10 HKT/SGT | |
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Source: MarketPrizm | |
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| Joint offering will provide faster time to market for Fusion Systems' clients across Asia |
London and Hong Kong, Apr 3, 2014 - (ACN Newswire) - MarketPrizm, a leading provider of market data and trading infrastructure services, today announced that it is teaming up with Fusion Systems, an Asia-based leader in software and hardware-accelerated trading systems, to offer a fully managed, end-to-end low latency market gateway and trading risk management solution, deployed in co-location, for use by Fusion's clients in Asia-Pacific. This move gives market players yet more reasons to use the highly sought-after Fusion Raptor - Fusion's game-changing, ultra-low-latency, risk-managed market gateway platform for all major Asian equity/derivative exchanges and alternative venues.
"The joint solution provides end users across Asia with a 'one stop shop' for licensing a fully managed gateway and risk management solution, integrated with market data and access into the markets from co-location," said Jay Hibbin, MarketPrizm's Commercial Director. "By having just one point of contact - MarketPrizm or Fusion - instead of multiple vendors, clients will benefit from reduced time to market and simpler commercials."
MarketPrizm will provide market data, hosting in co-location, hardware and connectivity services and will manage the full infrastructure. Fusion's clients will benefit from a flexible and scalable solution that suits different latency needs and makes use of Raptor to provide a market gateway, risk and compliance checks and other functionality.
"We are delighted to be working with MarketPrizm to provide joint solutions for clients' day-to-day trading needs," said Fusion Partner Jonathan Hope. "The risk management function in Asia is becoming even more critical, and at the same time, it is now fully commoditised and outsource-able. The combination of MarketPrizm's market data and extensive reach in the exchange-collocated infrastructure space - together with Fusion's best-in-class trading software and expertise - will bring that evolution to its logical conclusion, enabling a broader client base to take advantage of our platform."
The new managed solution is currently available for clients in Japan and Hong Kong, and will soon be available in Singapore and Australia.
About MarketPrizm
MarketPrizm brings together a compelling combination of industry, trading and technology expertise. MarketPrizm is dedicated to helping financial services firms better manage their infrastructure, trading and technology requirements. MarketPrizm offers a range of services which include raw and normalised market data delivered to clients on PrizmNet, the ultra fast and dedicated multi-venue connectivity infrastructure for the financial trading industry. Founded in 2009 by Instinet Holdings LLC, MarketPrizm was acquired by Colt Group S.A. in May 2011. For more information, please visit www.marketprizm.com
About Fusion Systems
The Fusion Systems Group is an Asia-Pacific technology solutions company with a long history of servicing top-tier capital markets firms in the region with products, consulting, software development, and infrastructure implementation. We specialise in time-sensitive and mission-critical solutions. Our offices in Tokyo, Hong Kong, and Shanghai position our high-calibre team of software developers, infrastructure engineers, and operational support consultants close to our customers so that we can rapidly and interactively deliver solutions and front-line support. For more information, please visit www.fusionsystems.org.
For further information contact:
Helen Toft
Colt
Mob +44 (0)7855301078
Helen.toft@colt.net
Henry Chow
Instinctif Partners
Ph: +852 3791 2289
henry.chow@instinctif.com
Topic: New Service
Source: MarketPrizm
Sectors: Daily Finance, Exchanges
http://www.acnnewswire.com
From the Asia Corporate News Network
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