Fidessa group plc announced its global FIX network is now connected to Chi-X Japan, the latest proprietary trading system in the Japanese equity market and first Chi-X venue operating in Asia.
Fidessa said the move will enable brokers already on the firm’s network to access the Chi-X execution venue without having to establish a separate, physical line into Chi-X Japan. The firm added that the launch of Chi-X Japan coincides with the debut of clearing operations by Japan Securities Clearing Corp.
“The Japanese market is currently going through fundamental structural change and this is expected to bring more liquidity from the high frequency trading community,” Hiroshi Matsubara, Fidessaa’s Japan-based marketing director said in a release. “Further development of PTS operations will be key in soliciting further liquidity into the Japanese equities market, and incumbent exchanges will also benefit from this total increase in liquidity flow.”