Independent securities company, Okasan Securities, has selected Fidessa’s Japanese trading platform for its proprietary trading business.
Fidessa’s trading platform will support the expansion of Okasan’s multi-asset prop-trading business. Okasan will also have access to Fidessa’s global connectivity network providing links to multiple execution venues both locally and overseas.
Fidessa’s fully integrated algorithm trading engine, BlueBox, will also be implemented.
Kazuhiko Kitagawa, senior general manager of the proprietary investment department at Okasan Securities, said: "We selected Fidessa for a number of key reasons. Firstly, it provides an integrated multi-currency and multi-asset trading capability across equities, futures and options, along with access to a comprehensive global connectivity network.”
“Secondly, the service will cover all the system upgrades required for changes in regulation and exchange connectivity as a result of the TSE and OSE merger. And thirdly, Fidessa has been running live and stable in our agency business for the last year and we felt that it would make a lot of sense to integrate the trading system across our agency and prop businesses.”
Ian Chilton, chief executive of Fidessa in Japan, said: "We are very pleased that Okasan Securities has selected Fidessa to support their prop-trading in addition to their agency business. Fidessa recognises the strategic significance of providing a cutting-edge, high-performance trading platform for Japanese domestic securities firms.”
“We are committed to continuing to strengthen our partnerships with these firms and advancing our trading technology to ensure that they can meet the challenges of the ever-changing market environment."
