Fidessa group plc (LSE: FDSA), provider of high-performance trading, investment management and information solutions for the world's financial community, has today announced the launch of a dedicated Japanese language version of its award-winning global fragmentation index.
Fidessa's fragmentation analysis tools (freely available at fragmentation.fidessa.com) provide essential analysis on the global equities trading landscape and make insightful comparisons between different venue types across geographies and over time. Fidessa initiated coverage of the Japanese market following the launch of Chi-X Japan in July 2010.
The new Japanese language version of the Fidessa Fragmentation Index (FFI) provides a simple and unbiased measure of how trading in any Japanese stock or index is changing across primary and alternative venues. This can be used as the basis to compare what is happening in Japan with other regions in Asia and around the world.
Steve Grob, Director of Group Strategy at Fidessa, commented: "Even though Japan does not have the rigid best execution regimes that we see in Europe and Australia, the rate of fragmentation has increased steadily across both SBI Japannext and Chi-X. We already had a large number of Japanese domestic firms interested in this data, and so it made sense to provide them with a local language version. This information enables sell-side firms to fine-tune their smart routers and buy-sides to select the optimum path to market.
Fidessa's fragmentation analysis tools also include the Fragulator, which provides deeper analysis on precisely where a given stock or index has traded, and the Tradalyzer which performs broker-neutral execution quality benchmarking
Ian Chilton, CEO Fidessa Japan, added: "Fragmentation analysis has become essential for navigating the new multi-market landscape both here in Japan and around the globe. This is part of our broader aim to provide more intelligent tools that enable both our buy-side and sell-side customers to have an effective electronic conversation over execution quality."
Commenting on this new development, Chuck Chon, CEO and Representative Director at SBI Japannext, said: "I have been a keen supporter of Fidessa's fragmentation analysis tools for some time and I'm sure that the Japanese version will add substantially to its existing domestic community here in Japan."