The connectivity enables ICICI Securities to receive international Care and DMA flow from the 2,400 buy-sides and 600 sell-side firms that are already connected to the network, and enhances the ability of Fidessa’s global community to access India’s markets.
ICICI Securities executive director A Murugappan said that over the past few years, the Indian capital markets have witnessed a real transformation; the growth of electronic trading continues unabated and volumes on the BSE and NSE have grown significantly.
"By joining Fidessa’s global trading community, we will be able to offer all members our specialist knowledge on the Indian capital markets along with access to critical exchanges," Murugappan said.
Fidessa Asia head of connectivity sales Enis Toumi said that India is emerging as an increasingly important part of the Asian marketplace, drawing a growing appetite from overseas investors seeking out new trading opportunities.
"Recently, exchanges and regulators have introduced radical change with the introduction of DMA, algorithmic trading, co-location and SOR, which have all helped open up the space to new players.
"On-boarding a company of ICICI’s scale and reputation expands the depth and quality of our local coverage and will please international firms requiring fast, reliable remote access," Toumi said
ICICI Securities joins more than 20 Indian sell-side firms on Fidessa’s network, which covers 150 markets across EMEA, Asia Pacific and the Americas.
