MarketPrizm, a leading provider of ultra-low latency market data and trading infrastructure services, is pleased to announce that it is providing normalised SBI Japannext and Japan Exchange (JPX) TSE FLEX full market feeds to SBI Securities, Japan's largest online broker.
MarketPrizm's high-speed market data solution will augment SBI Securities' existing market data setup, strengthening market data redundancy and the efficiency of its Smart Order Routers (SOR) which direct buy/sell orders to the stock exchange or Proprietary Trading System (PTS) offering the best execution price. Unlike other normalized data solutions, MarketPrizm's low latency feed handler technology enables clients to benefit from a low latency normalized feed, with zero hardware footprint required on the client side.
SBI Securities is Japan's largest online brokerage, with over 2.6 million online users contributing daily trading volumes of up to US$4 billion in cash equities alone. Its sister company SBI Japannext, Japan's largest PTS, also uses MarketPrizm's ultra-low latency normalized market data feeds which means that the SOR build-out for SBI Securities will be simplified going forward.
"We are delighted to support SBI Securities in taking the lead among online brokers to ensure retail investors also gain maximum benefits from lower trading costs and spreads resulting from fragmentation and exchange competition in Japan," said Jay Hibbin, Commercial Director of MarketPrizm. "This is the first market data solution delivered by MarketPrizm to a retail broker in Asia-Pacific demonstrating our ability to meet the demand of retail investors looking to take advantage of Japan's increasingly fragmented markets."
"We are glad to be once again teaming up with MarketPrizm to strengthen the market data redundancy of our sister company's SOR system. We believe that the success of market fragmentation in Japan will depend largely on all online brokers adopting SOR technology and low latency redundant market data infrastructure to ensure the reliability of their SOR systems," said Chuck Chon, CEO and Co-Founder of SBI Japannext. "With the support of MarketPrizm's proactive technical and commercial teams in Asia-Pacific, we have witnessed considerrable latency improvements."