July 29, 2010

Fidessa group plc has added global FIX network connectivity to SBI Japannext Securities, one of the leading Japanese Proprietary Trading Systems (PTSs). Market data from PTS is also provided through the Fidessa network.

SBI Japannext Securities operates one of the leadng PTSs in Japan, known as Japannext PTS. According to research conducted last year, Japannext PTS showed the same or improved prices compared to the main exchange or more than 40 percent of the total trading hours.

In the release, Mitsunori Fukushi, Representative Director & CEO, SBI Japannext Securities Co., Ltd., said: “We are very pleased to be joining Fidessa’s global network. We can now provide both the onshore and offshore trading communities with easier access to our PTS though this connection. We are determined to continue providing the highest quality pool of liquidity.”

According to Hiroshi Matsubara, marketing director for Fidessa in Japan, commenting in the release, The launch of Arrowhead, Tokyo Stock Exchange’s new high performance trading system for cash equities, is expected to bring more liquidity from the High Frequency Trading (HFT) community into the Japanese equities market, and this community likes to trade across multiple venues.

Also, later this month, Japan Securities Clearing Corporation (JSCC) will start clearing PTS transactions and Chi-X Japan, sister venue to one of the largest alternative venues in Europe, will start trading Japanese equities. Fidessa is committed to continuing to expand the market coverage of its global network and to meet the demands of the trading community with advanced trading tools such as SOR (Smart Order Routing).”

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in ...