-NYSE Technologies connects to Shanghai Stock Communications (STOCOM) to meet the growing client demand for overseas markets-
NYSE Technologies Expands Connectivity into China
New York, Shanghai, China – May 25, 2011 - NYSE Technologies, the global commercial technology unit of NYSE Euronext, today announced that Shanghai Stock Communications (STOCOM), a wholly owned subsidiary of the Shanghai Stock Exchange, will establish a connection to the NYSE Technologies Marketplace™ for FIX order routing services. This 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 secure and fully redundant connectivity service, NYSE Technologies Marketplace™ FIX order routing services opens up the opportunity for SSE members using STOCOM services to have reliable, yet immediate electronic access to trading counter-parties for multi-asset trading globally. This also enables licensed institutions outside of China to extend their FIX connectivity reach into mainland China quickly and efficiently.
“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 PhD 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.”
Through this new connectivity service, NYSE Technologies will offer Chinese institutional clients access to Marketplace, one of the industry’s broadest and deepest FIX-based communities where more than 1,200 global trading counterparties connect to one another via more than 10,000 fully managed FIX-based messaging channels. Marketplace members benefit from access to a wide range of liquidity sources, lower trading costs and unparalleled speed-to-market with new trading counterparties and services.
Available as a neutral, flexible, fully-managed electronic trading solution supported by the industry’s most experienced FIX specialists, NYSE Technologies Marketplace™ offers customers the benefits of FIX order routing, certification, version translation coupled with extensive training and educational programs. For more information on NYSE Technologies products, please visit: http://www.nyse.com/technologies
# # #
About Shanghai Stock Communications (Source: STOCOM)
Shanghai Stock Communication Co., Ltd. (STOCOM) was established in June 17, 1997, a wholly owned subsidiary of Shanghai Stock Exchange (SSE) with a registered capital of 200 million RMB. The company was previously a network communication unit of the SSE. STOCOM is responsible for managing the satellite and ground digital network for SSE. Its company’s mission is to provide a secure, stable, reliable and high-speed messaging channel to all SSE member firms in order to protect securities trading activities including order and execution, real-time market data, trade reporting, clearing data and public announcement. Moreover, STOCOM offer comprehensive services such as data center hosting, secure data transfer platform, consolidated data backup to member firms. STOCOM focuses on servicing the securities and financial industry and strive to be the first class high-tech company in China. For additional information visit: www.stocom.net
About NYSE Technologies
A division of NYSE Euronext (NYX), NYSE Technologies provides broadly accessible, comprehensive connectivity and transaction capabilities, data and infrastructure services, and managed solutions for a range of customers requiring next-generation performance and expertise for mission critical and value-added trading services. NYSE Technologies offers a diverse array of products, services and solutions to: the Buy Side, including order routing, liquidity discovery and access to a community of over 630 Broker-Dealers and execution destinations globally; the Sell Side, including high performance, end-to-end messaging software and innovative market data products delivered on the world’s largest, most reliable financial transaction network; and Market Venues and Exchanges, including multi-asset exchange platform services, managed services and expert consultancy. With offices across the U.S., Europe, and Asia, NYSE Technologies offers advanced integrated solutions for the global capital markets community, earning the ability to power trading operations for many of the world’s best financial institutions and exchanges. For additional information visit: www.nyse.com/technologies.
Disclaimer and Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2010 ("document de référence") filed with the French Autorité des Marchés Financiers (Filed on April 19, 2011 under No. D.11-0333), 2010 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.