Fidessa Co-Locates in Singapore, Adds Vietnamese Broker

Fidessa's SGX presence will allow it to extend managed services to the region. The addition of VN Direct, headquartered in Hanoi, allows Fidessa's network members access to the Vietnamese market. Execution is available via Fix protocol, as opposed to a traditional, manual process.

"We are committed to developing our trading infrastructure and connectivity network across South-East Asia to support our local, regional and international clients' electronic execution strategies," says Jean-Pierre Baron, managing director at Fidessa in the Asia-Pacific region. "With this move, Fidessa is now co-located with three of the major financial centres here: Tokyo, Sydney and Singapore. With our drive to open up the region, coupled with our proven trading platform, Fidessa is increasingly establishing itself as the technology partner of choice for both international and local firms wishing to trade across Asia."

While still ostensibly a communist, single-party state, Vietnam announced its intent to pursue a socialist market-oriented economy through its Doi Moi reform program several decades ago.