Hong Kong, 16, May 2011 – Fusion Systems, a leading provider of Ultra-Low-Latency (ULL) Direct Market Access (DMA) solutions across Asia, announced today that Fusion Raptor has now gone live with high volume order flow on the HKSE AMS. This extends Fusion Raptor’s live multi-market coverage to three major Asia venues, providing ULL market connectivity for both sell-side and buy-side firms.

Fusion’s implementation of Raptor on the HKSE follows previous go-lives on Japan's TSE Arrowhead and OSE J-Gate. With additional customer commitments for further markets throughout Asia, and a roadmap in place for delivery, Raptor is providing sell-side firms with FIX/OUCH to market-native DMA for all major Asia-Pacific cash and derivatives exchanges and alternative venues. Fusion Systems has a rapidly expanding operation within Hong Kong's Central District, with business development and implementation teams and a 24/7 tri-lingual helpdesk introduced.

Huw Rogers, a senior partner at Fusion Systems and chief architect of Raptor, commented “With the expected AMS/3.8 system upgrade in November 2011, we predict that this will increase the focus for sell-side and buy-side firms to further reduce latencies. We therefore anticipate major interest in leveraging Raptor for improved execution”.

Across the venues in Asia, Raptor maintains one of the lowest published latencies in the market, achieving a median latency of 80 microseconds in production while sustaining an order rate of 3000 TPS and all pre-trade risk filters embedded.  Fusion anticipates further reducing median latency to under 50 microseconds within the next quarter, in line with client expectations.

In related Hong Kong news, Fusion has a turnkey solution in place that allows Hong Kong brokers to connect directly to the TSE. This is in response to the TSE permitting trading firms to connect to the exchange from Hong Kong. Fusion provides a full managed service as well as all the technology their clients need to make this happen.

For buy-side firms, Raptor provides FIX-based multi-broker/venue, and multi-parameter-set algo smart order routing (SOR). SOR algorithms incorporate feedback from post-trade comparative performance analysis of broker algos.

Raptor is live for HFT and systematic trading flows with multiple global investment banks in both Hong Kong and Tokyo. Raptor has key features that are missing from competitor and in-house solutions, including cumulative position-based risk filters, order event resequencing, smart DMA short-sell pegging, replication, failover and full recoverability with no single point of failure.

About Fusion Systems:

Fusion Systems is an Asia-Pacific technology company with a long history of servicing top-tier capital markets firms in the region with products, technology solutions and consulting services. With offices in Hong Kong, Tokyo and Shanghai, Fusion's clients include companies such as Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs and Nomura Securities.

For more information, contact:

Wiliam Dallyn
Fusion Systems
+81-3-3505-2880
Email: William.Dallyn@fusionsystems.co.jp