Trading technology firm Itiviti announced this Tuesday that it is forming a partnership with Syspower, a Taiwanese trading solutions provider. The partnership will enable Syspower to access over 700 brokers through Itiviti’s NYFIX Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term.

Syspower is already a dominant player in the Taiwanese trading industry. The firm set up the FIXNet network that enables over 500 buy and Sell-Side Sell-Side Those in the financial industry involved with the production, marketing, and the sale of bonds, forex, stocks, and other financial instruments constitute the sell-side.Products and services produced by the sell-side are geared towards those who on the buy-side. You can think of the sell-side and buy-side like a coin, you cannot have one side without the other. The sell-side is comprised of individuals, firms, fintech companies, and market makers, who are responsible for providing liquidity in th Those in the financial industry involved with the production, marketing, and the sale of bonds, forex, stocks, and other financial instruments constitute the sell-side.Products and services produced by the sell-side are geared towards those who on the buy-side. You can think of the sell-side and buy-side like a coin, you cannot have one side without the other. The sell-side is comprised of individuals, firms, fintech companies, and market makers, who are responsible for providing liquidity in th Read this Term institutions to connect with one another.

The firm has formed a partnership with Itiviti in order to access the firm’s NYFIX trading platform. According to today’s statement, this was due to growing demands from Syspower’s clients, who were seeking greater access to international clientele.

Already Onboarding

The partnership appears to already be bearing fruit. New clients have signed up to receive Syspower’s services after the partnership's service offering was made available to companies.

NYFIX is an appealing product to many as it is easy to connect to almost any order management system (OMS). Without the hassle of untangling current software and replacing it with something else, NYFIX can be used by vendors to connect their clients with international customers at a much cheaper rate than would otherwise be possible.

Commenting on the decision to partner with Itiviti, Stony Fan, Chairman of Syspower, said: “The quality of our exchanges with Itiviti from our first meetings and the support our teams received during the whole process were fantastic; getting customers live was a simple, fully managed process. This partnership gives us confidence that we can expand greatly.”

Today’s announcement comes after Itiviti merged with another trading technology firm, Ullink, in March. The merger saw Itiviti taking control of NYFIX which was previously owned by Ullink.