Since the launch of the Tokyo Stock Exchangeâs next generation trading system âarrowheadâ earlier this year, the demand for high performance trading systems, which are able to deal with large trading volumes and ultra-fast market data, is increasing. In particular, the use of automated and algorithmic trading strategies combined with this ultra low-latency exchange connectivity and data are now vitally important. In this current environment, the Fidessa Japanese trading platform has proven capabilities and will enable Tokai Tokyo Securities to operate their trading business more efficiently and so deliver to their clients high quality agency trading services in an extremely effective manner.
Takashi Matsumura, General Manager, Equity Department at Tokai Tokyo Securities, comments, âFidessaâs trading platform has a strong reputation here in Japan, and its high performance capabilities and powerful functionality make it highly suitable for us. We also found the fully hosted SaaS nature of the service appealing from a cost perspective. We are planning to provide more high quality execution services to institutional clients using the Fidessa platform, including algorithmic trading. In addition, we will also try to expand our offshore client base as a member of Fidessa's global network community.â
Ian Chilton, Chief Executive of Fidessa in Japan, commented, âWe are pleased to see another important domestic Japanese broker select our Japanese trading platform as their new system. In recent years weâve fine tuned our trading platform to offer the particular tools and capabilities that the domestic broking community in Japan require to satisfy their evolving needs. With our proven low-latency capabilities and unmatched levels of quality and service, we are now the benchmark for trading solutions in the domestic as well as the international marketplace.â
Looking forward, in the early part of next year Osaka Stock Exchange plans to launch a new low-latency derivatives trading system that is expected to cause a significant impact on the way derivatives are traded in Japan. Fidessaâs Japanese trading platform meets the new Osaka systemâs technology requirements allowing Tokai Tokyo Securities to take advantage of the opportunities that this new derivatives system will present.
Fidessaâs global products and services support around 26,000 users across more than 900 clients worldwide and are used by more than 85 per cent of tier one financial institutions. Fidessaâs network provides connectivity to more than 2,400 buy-side and 550 brokers across 142 markets around the world.