Fund-Technology.com

Mirae Asset Securities selects Fidessa trading platform

Posted: 04 March 2009

Fidessa group, a sell-side and buy-side technology provider, has announced that Mirae Asset Securities has selected Fidessa's managed and hosted Asian trading platform for their institutional equity trading business.

Mirae Asset Securities is a wholly-owned subsidiary of the Mirae Asset Financial Group, one of the world's largest independent financial groups. Mirae will use Fidessa to enable direct access to the Hong Kong Exchange for member trading as well as for connectivity to other Asian markets, and hopes to register significant improvements in efficiency, performance and reduced latency.

K.Y. Lee, CEO at Mirae, said: "We are taking this opportunity to upgrade our platform in order to expand the breadth of our business offering in Asia Pacific and prepare for the resurgence of the markets in the coming years."

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