British veteran platform and financial services technology developer, Fidessa Group plc (LSE: FDSA), has strengthened its position among domestic Japanese brokerages with the announcement today that Toyo Securities, an independent securities company headquartered in Tokyo, has selected Fidessa as its new wholesale agency trading system.
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The new partnership means that Fidessa now services six of the top eight domestic brokers in Japan with its fully-managed trading platform solution.
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Wataru Sato, Trading Section Manager for the Corporate Department at Toyo Securities, comments: “With the new system we will further improve our algorithmic trading service, especially our direct strategy access (DSA) offering. We continue to strive to meet the diverse needs of our users by providing faster and more accurate trading services to our existing clients, as well as to new clients, who we hope to acquire through our service expansion.”
According to the press release, the increasingly complex and liquid Japanese trading environment has meant that brokerages have sought greater functionality from their front-end systems.
Fidessa has clearly been one winner from the situation, allowing it to further extend its reach into Asia. Indeed, today’s announcement comes on the back of announcements in February and May of recent Fidessa successes in China.
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