Okasan Securities Selects Fidessa's Trading Platform
The trading infrastructure has been changing in the Japanese equities markets since the launch of high-speed trading system arrowhead, developed by the Tokyo Stock Exchange (TSE) in January 2010 in order to meet the needs of investors such as high speed order placement and execution processing.
Ian Chilton, CEO of Fidessa in Japan, said: â€œIt is our great pleasure to announce that Okasan Securities has selected Fidessa's Japanese trading platform. While the Japanese market is currently going through fundamental structural change, we are strategically emphasizing our state-of-the-art trading technology for domestic clients.
â€œThe exchanges and alternative venues are evolving and enhancing their trading systems all the time, and we continue to support our domestic clients by insulating them from the constant system upgrades to this trading environment.â€
There is now a low-latency trading environment with millisecond order processing and huge order throughput in the main exchange, and the changes have also attracted new liquidity from high frequency traders, said Fidessa.
The trading volume of PTSs like Chi-X Japan and broker dark pools has risen too. In particular, the demand for algorithmic trading has increased and it is now necessary for securities companies to deploy algorithmic trading systems for agency trading.
Norihiko Funatsu, former senior general manager for equity department at Okasan Securities, said: â€œThere are three main reasons why we decided to select Fidessa's Japanese trading platform as our next trading system. First of all, the trading platform fits us perfectly to achieve our target of building a comprehensive algorithmic trading platform. We placed importance on the fact that BlueBox, Fidessa's algorithmic trading engine, is fully integrated into the trading platform and has a strong reputation in the market.
â€œSecondly, we liked Fidessa's unrivalled experience in global markets trading and the fact that we could use Fidessa's FIX connectivity network as a tool to access global markets easily. Thirdly, Fidessa has a strong track record with domestic clients and the capacity to deal with changes in the Japanese markets. We look forward to working with Fidessa in these fast changing Japanese markets."
Okasan Securities offers comprehensive investment services and runs 60 branch offices throughout Japan. Fidessa's global network provides connectivity to more than 2,400 buy-sides and 600 brokers across 150 markets around the world.
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