Since the launch of arrowhead, Tokyo Stock Exchange’s high-speed trading system, the infrastructure has been changing dramatically in the Japanese equities markets.
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.
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.
Okasan Securities former senior general manager, Equity Dept Norihiko Funatsu said the firm 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.
"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," Funatsu said.
Fidessa’s global products and services support around 26,000 users across more than 900 clients worldwide and are used by around 85% of tier one financial institutions.
Fidessa’s global network provides connectivity to more than 2,400 buy-sides and 600 brokers across 150 markets around the world.
