Fidessa signs Japan's Ichiyoshi Securities

Source: Fidessa

Fidessa group plc (LSE:FDSA), provider of high-performance trading, market data and global connectivity solutions for the buy-side and sell-side, has today announced that Japanese securities house, Ichiyoshi Securities, has selected Fidessa's Software as a Service (SaaS) Japanese trading platform to trade Japanese cash equities and derivatives.

Ichiyoshi Securities, which is celebrating its 60th anniversary this year, aims to become a leading boutique house broker within the Japanese financial industry. Building long-term relationships with clients, its research on small and medium-caps has been well received by institutional investors globally. Now focused on expanding its international trading capabilities, the Fidessa platform provides Ichiyoshi Securities with unrivalled functionality and will allow them to benefit fully from the performance capabilities of Tokyo Stock Exchange's arrowhead.

Shigeru Akiba, Senior Operating Officer and Executive Chief of Institutional Investors Division at Ichiyoshi Securities, comments: "By deploying the latest technology, and with access to one of the largest trading networks in the world, our Tokyo trading operation can support the trading requirements of our broad international client base. Key to the success of this business model is a cutting-edge trading system and, by deploying Fidessa's platform, we can now provide high quality execution services for both our domestic and our offshore clients."

Yasushi Okada, General Manager of Trading Dept. at Ichiyoshi Securities, added: "The main drivers behind our decision to select Fidessa's solution were its rich functionality, including a fully integrated algorithmic trading engine, combined with low latency, high resilience and the cost efficiencies afforded by their hosted delivery model. We were also impressed by its flexibility in adapting to changes in trading rules that may be introduced by individual exchanges and its expandability in terms of new technology like SOR."

Ian Chilton, Chief Executive of Fidessa in Japan, commented: "We are pleased to be working with Ichiyoshi Securities. In this highly competitive market where the quality of execution services is such a differentiator, Fidessa is fully committed to developing solutions that meet the needs of the domestic brokerage community."

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