Fidessa settles in Mumbai 09 October 2012Mumbai Reporter: Georgina Lavers
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Fidessa group has opened a Mumbai office, building on its other regional bases in Hong Kong, Singapore, Tokyo and Sydney.
Growing demand from Fidessa's global clients to trade Indian equities and derivatives has driven the establishment of a local team, office and datacentre facilities. Sayant Chatterjee, previously Fidessa’s senior vice president of business development in New York, will head up the operations as managing director of India.
The Mumbai office and datacentres enable Fidessa to offer a fully-localised service to firms trading the Indian equity and derivatives markets, and enhances on-the-ground support for Fidessa’s current clients in India.
Chatterjee commented: “We look forward to the opportunity to partner with our customers and Indian exchanges to become an established vendor in this market and adapt our globally successful trading platform for this dynamic environment.
"With growing customer demand for advanced trading technology and favourable developments in capital markets regulations on third-party outsourcing, Fidessa has decided to broaden its presence in India.”
Through the local operation, clients will be able to access Fidessa’s multi-asset trading, risk management and connectivity solutions. “A key component for Indian markets is the suite of advanced trading tools, which comprises Fidessa’s algorithmic trading engine, BlueBox, as well as basket and pairs trading capabilities,” said a statement from the company.
Fidessa has opened three other new offices within the last 12 months, establishing operations in Sydney, São Paulo and Chicago.
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