SunGard's Fox River Execution Solutions ("Fox River") has extended its suite of award-winning algorithms to support trading in the Japanese equities market.
Using Fox River's full suite of algorithms - from smart order routing to intelligent liquidity trading, including passive and aggressive types - traders outside of Japan will now have the tools to help obtain a higher quality of execution.
"Following a major merger of its capital markets exchanges, Japan is evolving to an advanced market structure, characterized by low latency infrastructure, fragmentation of liquidity, and advanced execution technologies that provide the foundation for new trading strategies and opportunities." - Neil Katkov, PhD, Senior Vice President, Asia for Celent
"Our customers are actively trading in Japan because of the significant alpha opportunity and liquidity it offers. Although Japan's market structure is evolving rapidly, its current exchange environment makes best price difficult to achieve. SunGard helps bring innovation to the Japanese market by offering an algorithm solution that acts differently than traditional offerings. Our focus is on helping to expand opportunity for traders and support agile growth in new markets." - Mike Schutt, head of trading and execution for SunGard's Fox River Execution Solutions
Fox River algorithms provide a human element, mimicking the experience, logic and knowledge of a brilliant trader. Rather than focusing on benchmarks, Fox River is focused on helping to seek and secure the best possible price. This approach helps portfolio and asset managers and hedge funds reduce information leakage and improve modeling and execution.