Patsystems is pleased to announce that Okachi (Hong Kong), the Hong Kong branch of Japanese Future Commission Merchant Okachi, has signed a license for Patsystems XConnect via Patsystems' new ASP hub in Hong Kong.
XConnect is Patsystems' new Application Service Provider (ASP) offering and is made up of ASP hubs in Tokyo, Hong Kong, Singapore and Sydney. Okachi currently uses Patsystems Tokyo hub for its front-end trading platforms; J-Trader and Pro-Mark, pre-trade risk management and connectivity to TOCOM. By signing onto Patsystems XConnect via the Hong Kong hub, Okachi will also gain access to HKEx, CME, CBOT, ICE Futures US and LME.
With Patsystems' XConnect, Okachi has an efficient and cost-effective means for facilitating cross-market business between Japan and Hong Kong. Okachi can take full advantage of Patsystems' advanced connectivity and Global Support Desk service while retaining complete control of their end-user profiles and risk parameters.
Barry White, Patsystems Regional Director of Asia Pacific, said: "We are proud to announce Okachi as our first Hong Kong hub customer. By utilising Patsystems' ASP hubs in both Hong Kong and Tokyo, Okachi can take advantage of the unique exchange connectivity options available through XConnect."
Brian N. Yagasaki, Managing Director of Okachi Hong Kong, said: "With hubs in both Tokyo and Hong Kong, Patsystems XConnect is ideal for Okachi as we require a cross-market, low-latency solution to facilitate trades between Japan and Hong Kong. We look forward to working with Patsystems as we continue to build and strengthen our customer base in these markets."