Derivatives trading software vendor Patsystems has signed up Japanese broker Nihon Unicom as a distrbutor for its J-trader products in the Asia Pacific region.
Nihon Unicom will offer Patsystems' J-Trader front end to its Taiwanese clients and a Kanji version of the system to its customers in Japan.
Patsystems says the deal with Nihon Unicom will enable it to connect its trading platofrm to the Tokyo Commodity Exchange (TOCOM). The Exchange announced in July that it would grant connectivity to any ISV that is legally represented in Japan. So far only GL Trade and Patsystems qualify on that basis.
Commenting on the agreement, Patsystems chief executive officer Kevin Ashby, says the firm has seen significant expansion in the Asia-Pacific region: "With access to TOCOM imminent, I am confident that we will strengthen our position and widen Unicom's role."