NYSE Euronext Accelerates Growth in Asia with Strategic Acquisition of Metabit, a Leading Provider of Market Access Products
01 Agosto 2011 - 9:03PM
Business Wire
NYSE Euronext (NYX) announced today it has entered into a
definitive agreement to acquire Metabit, a leading Tokyo-based
provider of high performance market access products throughout
Japan and Asia. 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. Metabit’s products connect buy-side
order flow with sell-side exchange participants and are designed
exclusively for low latency direct market access (DMA) and exchange
connectivity to markets through-out Asia. The company is
headquartered in Tokyo, with offices in Australia and Hong Kong.
Metabit has built a trading community of more than 140 trading
firms in Asia.
“Metabit’s products are built in Asia for Asia, and this
combination fits our strategy, our connectivity business and our
customer interests,” said Stanley Young, CEO of NYSE Technologies.
“Metabit has a highly experienced and respected management team,
and we recognize and value the success Metabit has had in Asia,
especially in Japan. We will continue the further development of
this local focus while also maximizing the value of the NYSE
Euronext brand and relationships.”
Mr. Young continued: “Furthermore, Japan and Asia are priorities
for NYSE Euronext and we believe this is absolutely the right time
to further invest in the region. We fully expect this transaction
to accelerate our efforts as a leading technology provider across
the Asia-Pacific region. We look forward to welcoming Metabit and
its customers to NYSE Euronext, and delivering the benefits of
Metabit to our customer community.”
Daniel Bürgin, CEO of Metabit, said: “Our combination with NYSE
Technologies will be highly beneficial to delivering innovative
solutions to our customers and to accelerate achieving our
long-term business goals. We remain committed to our local business
focus and service quality in Japan and throughout Asia, whilst
being strengthened by NYSE Technologies’ product suite that is
highly synergetic to our local solutions. The people and products
of our combined companies will provide significant expertise and
scale to NYSE Technologies’ business in the region. Joining forces
represents a truly exceptional opportunity to build on our local
success in order to increase our value proposition to our Japan and
Asia customer base. We now have the opportunity to leverage our
assets with NYSE Technologies and move to the next level. For the
benefit of Asia-based customers, we will now expand our reach and
capabilities globally.”
Metabit’s Asia franchise has seen excellent growth as a result
of a persistent product and client strategy and investments into
Asia. Today, Metabit covers all DMA sectors outside Japan, ranging
from China (“B” shares), India, Hong Kong, Korea, Singapore,
Taiwan, Thailand, Philippines, Malaysia, Indonesia, Pakistan,
Australia and New Zealand. Metabit’s products, being built in Asia
for Asia, focus to connect the local broker community in each
country, in combination with the traditional group of global
trading firms. Metabit will continue to resell and provide support
to users of CameronFIX as they have since 2002.
Upon closing, Mr. Bürgin will head the NYSE Technologies Asia
business and report to Mr. Young. Peter Tierney, Managing Director
of NYSE Technologies will become the Chief Operating Officer of the
combined business in Asia, and together they will lead the business
operations.
About Metabit
With a global perspective, Metabit has its roots and heart in
Asia. The company is headquartered in Tokyo, with offices in
Australia and Hong Kong. Having an in depth experience and
understanding of financial markets in Asia, Metabit specializes in
streamlined, high performance solutions, enabling access to
financial markets across Asia. Cutting edge technology is utilized
to provide flexible solutions for clients who are able to select
modular components to fit current and future infrastructure.
Metabit benefits from an experienced, knowledgeable and
multicultural team recruited from leading financial and technology
institutions throughout the world. Its client-centric philosophy
focuses on the provision of a high degree of service, expertise and
value. Built in Asia for Asia, Metabit's portfolio of products has
been designed exclusively for low latency DMA trading solutions and
exchange connectivity to markets in Asia, connecting buy side order
flow with sell side exchange participants.
http://www.meta-bit.com/en/
NYSE Technologies
A division of NYSE Euronext (NYX), NYSE Technologies provides
comprehensive transaction, data and infrastructure services and
managed solutions for buy-side, sell-side and exchange communities
that require next-generation performance and expertise for mission
critical and value-added client services. This division operates
four units: the Global Connectivity unit, offering one of the
world's largest, most reliable financial transaction networks
connecting firms and exchanges worldwide; the Trading Solutions
unit, which creates and implements high performance, end-to-end
messaging software and real-time market data distribution and
integration products; the Exchange Solutions unit, which provides
multi-asset exchange platform services, managed services and expert
consultancy; and the Global Market Data unit, which offers a broad
array of global market information products covering multiple asset
classes. With offices across the U.S., Europe, and Asia, NYSE
Technologies' advanced integrated solutions for a wide range of
services has earned the ability to power the trading operations of
global financial institutions and exchanges. For additional
information visit: http://www.nyse.com/technologies
NYSE Technologies in Asia-Pacific
NYSE Technologies has a fast-growing presence in the
Asia-Pacific region (APAC), with offices in Hong Kong, Singapore,
and Tokyo. The group seeks to develop meaningful strategic and
technology relationships with local exchanges and trading firms by
actively addressing the unique opportunities and challenges of
electronic trading in APAC. NYSE Technologies has strong regional
leadership with a deep understanding of local financial markets.
Its regional offices work closely together on APAC initiatives,
relationship management, and technology development, and they are
committed to offering a full range of exchange and trading
solutions for their clients. NYSE Technologies’ experienced
development team focuses on APAC-specific product functionality,
and actively collaborates with its global team to provide robust
and integrated solutions for the APAC market. NYSE Technologies, a
leading provider of scalable exchange platforms, works with a wide
range of emerging and established high-volume markets. NYSE
Technologies’ innovative, high speed market data and messaging
platform includes tick capture software and entitlement products,
as well as comprehensive feed handler (market data) and market
access gateway (orders) coverage of APAC markets. NYSE
Technologies’ solutions are available as fully deployed enterprise
software or as managed services, and are served by a regional
support desk during APAC hours (7am – 7pm Singapore/Hong Kong
time). http://www.nyse.com/technologies/1250850190795.html
Marlin & Associates was exclusive financial and strategic
advisor to NYSE Euronext.
Disclaimer and Cautionary Note Regarding Forward-Looking
Statements
This press release may contain forward-looking statements,
including forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements include, but are not limited to,
statements concerning NYSE Euronext’s plans, objectives,
expectations and intentions and other statements that are not
historical or current facts. Forward-looking statements are based
on NYSE Euronext’s current expectations and involve risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied in such forward-looking statements.
Factors that could cause NYSE Euronext’s results to differ
materially from current expectations include, but are not limited
to: NYSE Euronext’s ability to implement its strategic initiatives,
economic, political and market conditions and fluctuations,
government and industry regulation, interest rate risk and U.S. and
global competition, and other factors detailed in NYSE Euronext’s
reference document for 2010 ("document de référence") filed with
the French Autorité des Marchés Financiers (Filed on April 19, 2011
under No. D.11-0333), 2010 Annual Report on Form 10-K and other
periodic reports filed with the U.S. Securities and Exchange
Commission or the French Autorité des Marchés Financiers. In
addition, these statements are based on a number of assumptions
that are subject to change. Accordingly, actual results may be
materially higher or lower than those projected. The inclusion of
such projections herein should not be regarded as a representation
by NYSE Euronext that the projections will prove to be correct.
This press release speaks only as of this date. NYSE Euronext
disclaims any duty to update the information herein.
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