NYSE Technologies expands connectivity into China

NYSE Technologies, the global commercial technology unit of NYSE Euronext, announced Tuesday that Shanghai Stock Communications (STOCOM) will establish a connection to the NYSE Technologies Marketplace for FIX order routing services.

According to the statement, the partnership was designed to further expand NYSE Technologies network reach in China and enabled 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 opened up the opportunity for Shanghai Stock Exchange members using STOCOM services to have immediate electronic access to trading counter-parties for multi-asset trading globally.

This also enabled licensed institutions outside of China to extend their FIX connectivity reach into mainland China.

"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 of STOCOM. "This new connectivity will also benefit QDII (Qualified Domestic Institutional Investors) and QFII (Qualified Foreign Institutional Investors) brokers to greatly reduce the cost and time to reach overseas markets."

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