NYSE Technologies Expands Connectivity into China

The partnership is designed to further expand NYSE Technologies' network reach in China and enable traders and investors to more easily trade cross-borders with unmatched speed and reliability.

NYSE Technologies, the global commercial technology unit of NYSE Euronext, announced that Shanghai Stock Communications, a wholly owned subsidiary of the Shanghai Stock Exchange, will establish a connection to the NYSE Technologies Marketplace for FIX order routing services.

The partnership is designed to further expand NYSE Technologies' network reach in China and enable traders and investors to more easily trade cross-borders with unmatched speed and reliability. With this connectivity service, NYSE Technologies' Marketplace FIX order routing services allows SSE members using Shanghai Stock Communications (STOCOM) services to have immediate electronic access to trading counter-parties for multi-asset trading globally.

Chinese institutional clients will have access to Marketplace, where more than 1,200 global trading counterparties connect to one another via more than 10,000 fully managed FIX-based messaging channels. The partnership will also enable licensed institutions outside China to extend their FIX connectivity reach into mainland China. "We are thrilled that STOCOM selected NYSE Technologies Marketplace as part of its international strategy and their global order routing platform of choice," said Peter Tierney, managing director of NYSE Technologies in the Asian region.

"This partnership further underscores our commitment to expand our points of connectivity to Asian markets and other key destinations around the world." "With NYSE Technologies Marketplace we can now provide our members access to more than 1,200 buy-side and sell-side institutions and connections to exchanges and other electronic trade execution venues around the world," said Lin Pei, vice general manager, STOCOM.

"This new connectivity will help to differentiate our market participants from the competition while also benefitting QDII (Qualified Domestic Institutional Investors) and QFII (Qualified Foreign Institutional Investors) brokers to greatly reduce the cost and time to reach overseas markets," Lin Pei added. Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio