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Fidessa group plc (LSE: FDSA), provider of high performance trading, connectivity and market data solutions for the buy-side and sell-side, today announced its global FIX network’s connectivity to SBI Japannext Securities, one of the leading Japanese Proprietary Trading Systems (PTSs). The market data from the PTS is also provided through the Fidessa network.
SBI Japannext Securities operates one of the leading PTSs in Japan, known as Japannext PTS. According to research conducted last year, Japannext PTS showed the same or improved prices compared to the main exchange for more than 40 percent of the total trading hours. In addition, the venue blotter had around 5 percent of the order quantity for the best quotes available on the main exchange.
Mr. Mitsunori Fukushi, Representative Director & CEO, SBI Japannext Securities Co., Ltd., said: “We are very pleased to be joining Fidessa’s global network. We can now provide both the onshore and offshore trading communities with easier access to our PTS though this connection. We are determined to continue providing the highest quality pool of liquidity.”
Hiroshi Matsubara, Marketing Director for Fidessa in Japan, commented: “We are very pleased that Japannext PTS is joining our Fidessa global network. The launch of “arrowhead”, Tokyo Stock Exchange’s new high performance trading system for cash equities, is expected to bring more liquidity from the High Frequency Trading (HFT) community into the Japanese equities market, and this community likes to trade across multiple venues. Also, later this month, Japan Securities Clearing Corporation (JSCC) will start clearing PTS transactions and Chi-X Japan, sister venue to one of the largest alternative venues in Europe, will start trading Japanese equities. Fidessa is committed to continuing to expand the market coverage of its global network and to meet the demands of the trading community with advanced trading tools such as SOR (Smart Order Routing).”
Fidessa’s network provides connectivity to more than 2,400 buy-sides and 530 brokers across 130 markets globally. Fidessa’s products serve around 25,000 users across more than 850 clients around the world and are used by more than 85 per cent of tier-one financial institutions.
