NYSE Extends Footprint to Philippines
January 16, 2013
NYSE creates regional technology hub in Manila. RTS launches launched proximity hosting in Japan. Fiserv enhances Tradeflow. RIMES adopts Bloomberg Open Symbology.
NYSE Euronext: The exchange has completed its makeover of Fixasia Technologies Inc., a technology solutions and support services provider, into a newly created subsidiary, NYSE Philippines Inc. The business will operate as a regional technology hub based in Manila.
Terms of the transfer were not disclosed.
“By creating NYSE Philippines Inc., we have taken another significant step in growing our presence in Asia. Today, we are one of the region’s most robust, customer-focused technology vendors,” said Daniel Bürgin, Head of NYSE Technologies Asia Pacific. “We are pleased to bring in more than 100 professionals with the skills and relationships that will help customers accessing Asian markets trade more efficiently and reliably than ever before.”
NYSE Philippines Inc. will continue to manage NYSE Technologies’ largest service desk, as well as handle, infrastructure and client systems monitoring, connectivity and operations support, as well as a range of development and quality assurance responsibilities.
RTS: Realtime Systems Group announced it has launched proximity hosting and low-latency connectivity services in Japan through KVH Co. Ltd., Asia's leading information delivery platform, headquartered in Tokyo. These services, available from the new RTS Tokyo data center in the KVH facility, will enable the firm's global and local clients to achieve ultra-low latency access to Japan's major stock, futures and options exchanges.
RTS chose KVH for its ultra-low latency networks, robust data centers, and knowledge of the Japanese market.
RTS' presence in Japan will offer global high-speed access to the Tokyo Stock Exchange (TSE), Osaka Stock Exchange (OSE), Tokyo Commodity Exchange (TOCOM) and all major brokers.
Fiserv: The global provider of financial services technology announced that it has enhanced TradeFlow, its post-trade processing product, to support several new asset classes and transaction types.
TradeFlow now supports Exchange-Traded Derivative (ETD) Settlements, SWIFT MT515 Confirmation, FX Non-Deliverable Forwards, OTC Notifications and Repurchase and Reverse Repurchase Settlements.
TradeFlow will now be positioned to support future OTC derivative post-trade and clearing activities, as well as the SWIFTGlobal ETC initiative that will ultimately provide fully automated trade-matching functionality based on industry standard SWIFT messaging.
"There are dozens of ways to confirm and settle a trade," said Gert Raeves, research director, CEB TowerGroup. "Being able to manage post-trade processes in a single environment can improve operational efficiency, reduce risk and increase transparency. “
RIMES: The benchmark data management company has implemented Bloomberg’s Open Symbology .
Bloomberg's global security identifier, or BBGID, is now live on the RIMES Benchmark Data Service and a group of clients has opted to include it in daily data feeds.
This gives firms a free-use alternative to using proprietary codes, according to RIMES, which eliminates redundant mapping processes, streamlines workflow and reduces operational risk. BBGID covers 100 million active and inactive securities globally and is available free of licensing fees or other usage restrictions.