Trading Technologies International Inc. (TT) has announced that Rakuten Securities Inc. is now a participating broker in its global MultiBroker service which provides direct market access to forty markets across five continents.
Rakuten Securities is one of the biggest multi-asset brokers in Japan and also a large provider of OTC FX liquidity. Tatsuya Yamada, general manager of the professional trading department at Rakuten, commented, “We are delighted to expand our service and relationship with Trading Technologies through TT’s MultiBroker. We value this solution as a new trading channel that will introduce Rakuten’s diversified business to professional traders globally.”
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“We are very happy to welcome Rakuten into the TT MultiBroker community,” said Robbie McDonnell, EVP global sales for TT. “Adding Rakuten, with their expertise in local Japanese markets such as TOCOM and JPX, to our trading ecosystem greatly furthers our objective of bringing simple, efficient and open global market access to the widest possible network of buy-side users.”
With the joining of Rakuten, TT’s MultiBroker network now comprises more than 30 sell-side participants, including seven of the top ten brokers by customer segregated funds. Launched in 2013, it has seen considerable traction in Asia over the past year, extending from Singapore’s commodity and energy trading space into the Japanese derivatives trading community.