What N2N Connect does

N2N Connect Berhad is a Malaysian-headquartered capital market technology provider incorporated in 2000 and listed on the ACE Market of Bursa Malaysia (ticker: 0108) since 29 September 2004. The company develops an integrated trading and settlement platform supporting multi-asset class trading across multiple markets and multiple currencies, with front-office and back-office functionality, low-latency direct market access, algorithmic trading, and connectivity to nine major exchanges including HKEX, PSE, Japannext, NASDAQ, Bursa Malaysia, SSE, NYSE, SET, and SGX. Operations span four countries with offices in Kuala Lumpur (headquarters), Singapore, Hong Kong, and Ho Chi Minh City, supported by 228 employees across 6 development centers. The company is positioned as Asia's largest capital market solutions provider by customer reach, serving 300+ brokers and facilitating over 3 million orders and RM 85 billion in monthly trade value.

The product portfolio centers on the Trading Solution backbone and is extended via the Asia E-Broker consumer-facing mobile app (distributed on iOS, Google Play, and Huawei AppGallery), the Asia Trading Hub consortium network (100+ capital market players aggregated for cross-border liquidity), an Information Terminal for real-time market data and analytics, and adjacent modules for Wealth & Asset Management, Algorithmic Trading, and Market Maker functions. Network and infrastructure services are delivered through affiliated entities NGN Connection and NGN Cloud. N2N monetizes primarily through enterprise B2B subscription licensing of trading and settlement software to brokerages and financial institutions, recurring membership/connectivity fees from the Asia Trading Hub, market-data subscriptions, and managed colocation and hosting services.

FY2025 revenue was RM 93.9 million (approximately USD 23 million) with RM 13.0 million in net profit; revenue has declined from RM 115.7 million in FY2021 (–19% over four years). Capital structure shows strategic minority stakes held by SBI Holdings and SBI Japannext following 2018 transactions, and the company proposed a transfer from the ACE Market to the Main Market of Bursa Malaysia in March 2023.

Name

N2N Connect

Legal name

N2N Connect Berhad

Website

https://n2nconnect.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

101–250 employees

Short description

N2N Connect Berhad is a Malaysian-listed capital market technology provider serving 300+ Asia-Pacific brokers with integrated trading, settlement, market data, and liquidity aggregation platforms across nine major stock exchanges.

Ownership category

akta.pro rank

Product category

Capital Market Technology

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Securities and Commodity Exchanges (52321), Securities and Commodity Exchanges (5232)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Multi-Asset Electronic Trading Platforms (FSAFANAH)

akta.pro secondary industries

Multi-Asset Trading Networks / Interdealer Broker Platforms (FSAFAEAJ), Institutional API Connectivity, OMS/EMS & FIX Gateways (FSADAJAJ)

Keywords

• Capital market technology
• Trading platform software
• Brokerage infrastructure solutions
• Market data terminals
• Algorithmic trading systems

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Trading Solution Licensing: Integrated trading and settlement platform licensed to brokerages and financial institutions. Typically subscription-based with implementation and support services.
2. Asia Trading Hub Network Fees: Membership and connectivity fees for brokers joining the consortium network enabling cross-border trading and liquidity access
3. Market Data and Information Services: Real-time market data, fundamentals, research and analytics delivered through Information Terminal solution
4. Wealth and Asset Management Solutions: Software solutions for financial institutions and wealth managers covering portfolio management, financial planning and client management
5. Managed Services: Network infrastructure, colocation, and hosting services for capital market participants

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

N2N Connect provides integrated capital market technology platforms for brokerages and financial institutions across Asia-Pacific, encompassing a multi-asset, multi-market, multi-currency trading and settlement solution, an order management system, mobile and online trading apps, a broker consortium network for cross-broker order routing, real-time market data terminals, wealth and asset management platforms, algorithmic trading systems, and market maker tools. Its offerings are sold as licensed software and managed services to capital market intermediaries, with a separate consumer-grade mobile trading app distributed via app stores to retail investors.

Product overview

N2N Connect offers a platform-plus-modules architecture serving capital markets across Asia-Pacific. The core Trading Solution provides integrated trading and settlement for multi-asset classes across multi-markets in multi-currencies. This is complemented by the Asia E-Broker mobile app for investor access, the Asia Trading Hub consortium network for broker connectivity and liquidity aggregation, and the Information Terminal for real-time market data. Additional modules include Wealth & Asset Management for financial institutions, Algorithmic Trading for automated strategy execution, and Market Maker for liquidity provision. The company also operates related subsidiaries: N2N-AFE for Hong Kong operations and NGN for network infrastructure services.

Differentiator

Problem solved

Functional benefit

Brands

• Asia E-Broker: Global trading platform enabling multi-broker login experience with trading tools, market data, and real-time watchlists.
• Asia Trading Hub
• N2N Trading Solution
• Information Terminal
• Wealth & Asset Management
• Algorithmic Trading
• Market Maker Solution

Products and services

• Trading Solution
• Asia E-Broker
• Asia Trading Hub
• Information Terminal
• Wealth & Asset Management
• Algorithmic Trading
• Market Maker

Quantifiable outcome

• 3+ million orders processed monthly
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Four partnerships are on record, tiered core and supporting.

• AFE Solutions LtdcoreStrategic or Co-development Partner · 7 April 2017US$11.5 million acquisition of Hong Kong-based financial data and trading solutions provider, expanding N2N's presence in Hong Kong and supporting claim to be Asia's largest one-stop service provider.
• Exchange Networks (HKEX, PSE, Japannext, NASDAQ, Bursa Malaysia, SSE, NYSE, SET, SGX)coreTechnology or IntegrationConnectivity partnerships with 9 major stock exchanges across Asia Pacific and globally enabling multi-market trading access for N2N broker clients.
• NGN ConnectioncoreTechnology or IntegrationAffiliate company providing network and infrastructure solutions including colocation and connectivity services for capital market participants.
• NGN CloudsupportingTechnology or IntegrationAffiliate company providing cloud solutions complementing N2N's capital market technology offerings.

Scale indicators11 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• Tradable: Tradable provides white-label trading platform technology and apps for retail brokers. It is an emerging comparable to N2N's Asia E-Broker mobile platform and white-label distribution model for retail brokerage clients.

Broad incumbents

• SS&C Technologies: SS&C owns Eze Software and Advent, providing OMS/EMS and portfolio management software to buy-side and sell-side firms. It is comparable to N2N's Algorithmic Trading, Wealth & Asset Management, and Trading Solution modules in serving broker-dealers and asset managers.
• London Stock Exchange Group (LSEG) / Refinitiv: Refinitiv (now LSEG) provides Eikon, FXall, and Elektron trading infrastructure serving capital markets participants worldwide. It competes with N2N across market data, trading connectivity, and post-trade workflows, particularly in cross-border Asian flows.
• ION Group: ION provides mission-critical trading, treasury, and capital markets software to financial institutions globally, including Fidessa and Wall Street Systems. It overlaps with N2N's multi-asset trading, settlement, and connectivity infrastructure for capital markets participants.
• Broadridge Financial Solutions: Broadridge provides trading and post-trade infrastructure (including via the Itiviti acquisition) to global broker-dealers. It overlaps with N2N's Trading Solution and Asia Trading Hub in multi-asset execution, connectivity, and OMS/EMS capabilities for capital markets.
• FIS (Fidelity National Information Services): FIS's Capital Markets software business provides trading, custody, and middle-office solutions to broker-dealers and asset managers globally. It is a broad incumbent comparable to N2N's integrated trading, settlement, and wealth management offerings for institutional clients.

Direct peers

• TradingScreen: TradingScreen provides a multi-asset execution management system (EMS) and order routing network used by buy-side and sell-side institutions globally. It is a direct peer to N2N's Trading Solution and Asia Trading Hub in OMS/EMS, connectivity, and multi-market execution.
• Bloomberg L.P. Bloomberg Terminal and EMSX deliver market data, analytics, and trade execution workflows to broker-dealers and buy-side firms globally, directly overlapping N2N's Information Terminal, Asia E-Broker, and trading infrastructure offerings for institutional and retail broker clients.

Regional players

• Mubasher / InfoComply: Mubasher provides market data, trading tools, and brokerage platforms across MENA, with regional specialization comparable to N2N's broker-facing Information Terminal and trading tools for emerging market brokerage customers.
• DirectFN: DirectFN is a regional market data and trading platform provider focused on MENA and South Asian brokerages. It is comparable to N2N's Asia E-Broker and Information Terminal offerings serving retail broker clients in emerging markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/N2NConnectBerhad
• LinkedInlinkedin.com/company/n2n-connect-bhd-n2n-
• Instagraminstagram.com/n2ngroup
• Xx.com/n2nconnect

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about N2N Connect