FOR IMMEDIATE RELEASE
Nikkei and QUICK chooses N2N Connect as its Strategic Partner for its Asia Expansion
Proposed business alliance combines trading platform expertise with leading financial and business analyticsspecialist into a global trading center stage.
Kuala Lumpur, 24 April 2014 - N2N Connect Berhad (“N2N”), one of Malaysia’s largestprovider of online real time trading platform for capital markets, announced that they havebeen invited to enter into a strategic business alliance with Japan based companies Nikkei
Corp. (‘Nikkei”) and QUICK Corp (“QUICK”). This is to incorporate their comprehensive financial news and information services and advanced business analytics, further fortifying N2N’s TcProTM, an integrated financial trading platform.
This enables more gates to open for the financial traders to compete vastly, streaming from the Asian region to the international markets. N2N’s integrated multi-asset class trading platform TcProTM
, transacts equities, derivatives, futures, options
, bonds and commodities across avariety of exchanges and inter-brokerages will soonhave the Contract For Difference (“CFD”) and forex trading additions prior to it pushing to the next level of macroeconomics analytics.
The partnership with renowned and established companies like Nikkei and QUICK will greatly enhance the value we can offer to our regional clients and elevate our joint services to a World Class level” said Andrew Tiang, CEO of N2N. The solidification of the proposed strategic business partnership with N2N derives from both Nikkei and QUICK to each respectively take up a proposed private placement of more than 61,000,000 new N2N shares issue at the issue price of RM0.89 amounting to 14% of the enlarged share capital. N2N plans to utilize the funds from the proposed private placement by expanding its business through selected merger and acquisition,working capital and continuous research and development. The proposed private placement is subject to the approval obtained from the EGM, Bursa Malaysia Securities Berhad and other relevant authorities, if required. In addition to the collaboration of Nikkei and QUICK contents and technologies, the proposed strategic business partnership will also extend to the integration and implementation of order management system that will create more bridges for the Asset Management Companies in Japan to distribute and execute their orders across the region. --------------------------------------------------
Comment: Its a game changer on many levels. Financial institutions still rely on basically Reuters and/or Bloomberg for regional and international live feeds. The cost per machine is exorbitant, many limiting the number of Bloombergs or Reuters to the "really necessary category".
Nikkei and QUICK dominates Japan, they are like the Japan's Bloomberg, and also controls some publications. If they can bundle a regional live feed that cuts across during Asian trading time (cause there is really no need to have the live European and US feeds if you think about it), they have a viable niche to fill albeit under cutting the Bloomberg by more than 50% or more, even at 30% of Bloomberg's price they can make a good living. Plus I believe there will be sufficient critical mass.
The live feeds, is a big thing, N2N has signed agreements with most of the regional feeds. The upside is enormous for many of the country feeds. Only HKSE charges a huge premium for their feeds, while Nikkei and QUICK dominate the Japanese feeds.The upside for bundling regional feeds are enormous as they have pricing power. They can unbundle and allow pre-selection at a premium as well.
Most regional asset management firms, brokers, etc... in Asia would yearn for such a product, esp if its just 20-30% of a Bloomberg. It would allow for firms to , e.g. drop 15 out of 30 Bloomberg/reuters machines and pick up another 15 N2N/Nikkei/QUICK for regional live feeds. As for live business news, one can easily replace that with a couple of large TV screens, one for CNBC another for Bloomberg TV.
The only really sticky part for Bloomberg is when traders use the machines for flow trades and confirmations.
Most regional asset management firms, brokers, etc... in Asia would yearn for such a product, esp if its just 20-30% of a Bloomberg. It would allow for firms to , e.g. drop 15 out of 30 Bloomberg/reuters machines and pick up another 15 N2N/Nikkei/QUICK for regional live feeds. As for live business news, one can easily replace that with a couple of large TV screens, one for CNBC another for Bloomberg TV.
The only really sticky part for Bloomberg is when traders use the machines for flow trades and confirmations.
The next step will be buying a trading platform for Asian stocks, integrate it and you have upstream downstream at very competitive cost.
The deal is not taking out any vendor shares, which is to say, all cash invested for new platform. It brings N2N to a new level altogether. Good upside potential.
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http://malaysiafinance.blogspot.com/2014/04/for-immediate-release-nikkei-and-quick.html
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Tang Michael
Among the 3 platforms, n2n., eforce and hong leong, it is easier to assess and read from n2n platform. Now n2n is being invited to nikkey/quick to promote trading among asia. N2n should move soon.......
2014-04-25 11:11