NYFIX, the electronic trading technology firm, has opened its first office in Hong Kong. The office is headed by Damian Bierman with the title of managing director, Asia Pacific.
The firm offers infrastructure and execution services to brokerage firms and institutional investors through the automation of trading workflows by streamlining data entry and integrating electronic order and execution handling.
The firm's expansion into Asia coincides with the increasing take up of straight through processing by core-Asian investors, which aim to take the risk of human error out of the trading process.
The firm as had a presence in Asia for five years,...