NYSE Euronext Expands Asia Technology Business

As reported by Business Standard, NYSE Euronext, an equity exchange, has entered into a definitive agreement to acquire Metabit, a Tokyo-based provider of high performance and exchange traded market access products throughout Japan and Asia.

Normally, trading on the order book is restricted to broker dealers and market making firms that are members of the stock exchanges. Under DMA, which is only used by institutional players in India, trader will control the way a trading transaction is managed themselves rather than passing the order over to the broker’s own in-house traders for execution.

Today, DMA is often combined with algorithmic trading giving access to many different execution strategies.

Metabit will operate as a product line within the NYSE Technologies portfolio. The transaction is expected to close in third quarter of 2011. Terms of the acquisition were not disclosed.

Skilled with in-depth experience and understanding of financial markets in Asia, Metabit specializes in streamlined, low-latency technology solutions that enable industry-leading access to financial markets across Asia.

This entry was posted in Articles, Breaking News, Useful Links and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s