August 24, 2010

Tokai Tokyo Securities, a domestic Japanese broker headquartered in Nagoya with 70 offices across central Japan, has selected Fidessa’s Software–as-a-Service (SaaS) trading platform as their new system for trading Japanese cash equities and derivatives.

Since the launch of the Tokyo Stock Exchange’s next generation trading system “arrowhead” this year, demand for high performance trading systems has increased to deal with large trading volumes and ultra-fast market data, noted Fidessa in the release. In addition the use of automated and algorithmic trading strategies, has made ultra-low latency exchange connectivity and data vitally important, said the release. The Fidessa Japanese trading platform will enable Tokai Tokyo Securities to operate their trading business more efficiently and deliver high quality agency trading services to their clients.

Takashi Matsumura, General Manager, Equity Department at Tokai Tokyo Securities, commented, “Fidessa’s 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.”

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 ...