STOCKHOLM, June 19, 2018 /PRNewswire/ -- Itiviti, the
leading global provider of multi-asset trading technology and
financial infrastructure, today announced a new alliance with
Syspower, a leading Taiwanese provider of trading solutions. The
partnership will allow Syspower to scale up its existing network
with the 700+ brokers accessible through Itiviti's NYFIX network,
paving the way for international outreach.
Syspower already benefits from a prevalent position in
Taiwan. Over the past decade, the
firm has built a strong local market presence allowing buy-side and
sell-side financial institutions to reach over 500 connections
through its FIXNet connectivity network. Syspower decided to turn
to Itiviti's NYFIX to address the growing demand from Taiwanese
institutions to connect to international trading venues.
Itiviti has a strong growth strategy for the NYFIX Marketplace
international trading network, leveraging the platform's ability to
seamlessly connect with any OMS solutions. This "plug and connect"
feature naturally positions NYFIX as the go-to solution for local
vendors looking to expand their international footprint at minimal
cost. The Itiviti-Syspower partnership is already proving fruitful
for the two companies with new clients signed following the
availability of the joint offering and prospective business
opportunities lining up.
"Working with experienced international vendors is second nature
for Taiwan firms as we operate in
an increasingly globalized marketplace," said Stony Fan, Chairman
of Syspower. "The quality of our exchanges with Itiviti from our
first meetings and the support our teams received during the whole
process were fantastic; getting customers live was a simple, fully
managed process. This partnership gives us confidence that we can
expand greatly."
Philippe Carré, Itiviti Global Head of Business Development
commented: "We see a great fit between our expansion strategy in
Asia and the growing demand from
local technology vendors to extend their reach. Launched early
2017, our NYFIX hub in Asia has
helped sustain intense market demand and, under the Itiviti GAP -
Global Alliance Program, to onboard a number of key regional
partners. making NYFIX the Asian FIX connectivity utility of
choice."
Ofir Geffen, President Director
Asia Pacific and Japan, Itiviti, adds: "We harbor ambitious
plans for our Asian development, with half of the Itiviti offices
already located in the region - I firmly intend to make it one of
our strongest business. It is essential for us to leverage a strong
pan-Asian ecosystem of providers to sustain the growth dynamic – I
am delighted to welcome Syspower as our latest partner."
For further information, please contact:
Christine Blinke
Chief Marketing Officer
Itiviti
Tel. +46-739-01-02-01
christine.blinke@itiviti.com
About Syspower
Syspower is a leading IT service provider with solid industry
knowhow, especially in financial category. With fruitful experience
in financial industry operations and skillful talents, Syspower has
won high reputation and recognition from customers over the
years.
FIXNet is the leading trading platform operated by Syspower. It
provides financial transaction services, including securities and
options, which was ranked in the first place in Taiwan's financial trading market.
For more information about Syspower, please visit
www.syspower.com.tw or write to customer@syspower.com.tw.
About Itiviti
Itiviti is a market-leading global provider of multi-asset
trading technology and financial infrastructure solutions for
buy-side and sell-side market participants, including NYFIX, one of
the industry's largest FIX-based trading communities.
Serving around 2000 clients worldwide, we provide consistent,
reliable access to the most up-to-date and innovative order
routing, connectivity and trading solutions available. Top-tier
trading firms, banks, brokers, exchanges and institutional
investors rely on our technology, solutions and expertise to
streamline their daily operations, connect to their desired
markets, and trade when and where they want. All while being able
to comply with global regulation.
With global offices in 18 locations covering all major financial
centers the merger of Itiviti and ULLINK in March 2018 created a full-service technology and
infrastructure provider, covering all asset classes, geographies
and regulatory landscapes.
For more information, please visit www.itiviti.com or
www.ullink.com.
Itiviti is owned by Nordic Capital Fund VII.
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SOURCE Itiviti Group AB