Misys teams with Hitachi to promote Market Trader in Japan

Misys teams with Hitachi to promote Market Trader in Japan

Misys Securities Trading Systems' has signed an agreement with electronics giant Hitachi to promote the front office securities trading platform, Market Trader, in the Japanese market.

Market Trader currently claims 30% of the Japanese broking market. The system includes functions to enable firms to comply with Japanese regulations on real-time limits and position keeping in proprietary trading.

Misys says local partnerships are the optimum way to penetrate the Japanese marketplace. The vendor has signed similar agreements with Fujisoft and sources its Stock Exchange line handlers from Toshiba.

The latest agreement opens access to Hitachi's installed customer base in the financial information systems sector.

Mr Noguchi, president, software licensing and alliance, Hitachi, says: "Market Trader fits in with our overall approach for the Japanese securities industry."

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