HimawariCX signs with MetaBit for FIX connectivity to Tokyo Commodity Exchange
08 December 2004 | 666 views | 0
Leading Japanese commodity broker HimawariCX Inc has selected IT consulting and FIX integration specialists MetaBit to build a CameronFIX gateway to TOCOM's (Tokyo Commodity Exchange) native gateway.
In an unprecedented move, HimawariCX has outsourced its FIX-enabled commodities trading infrastructure to MetaBit's Market Liquidity Hub (MLHTM). MetaBit's MLHTM will provide a CameronFIX gateway directly to TOCOM's native exchange protocol on behalf of the Exchange's Broker Members. This is the first FIX-enabled ISV service among domestic participants of the commodities market in Japan.
"Being the only futures commission merchant to cover domestic and international futures and OTC markets for 24 hours, HimawariCX has established a well-diversified client base throughout Japan and across the globe," said Yasuo Mogi, senior managing director, international affairs HimawariCX. Mogi continues, "MetaBit's expertise is essential to realise our objective to secure new overseas clients by being first to market with FIX-enabled services."
"The new CameronFIX gateway offers Japanese and global investors realtime access to TOCOM," says Daniel Burgin, CEO MetaBit. "MetaBit is very pleased that HimawariCX has decided to entrust us the operation of their buy side's FIX access to TOCOM. MetaBit's MLHTM to date already provides access to market liquidity in Japan for TSE, OSE, Nagoya and JASDAQ. The addition of TOCOM will complete the Japan offering."
HimawariCX foresees business flow from overseas clients will grow exponentially with this new offering.