New mandate for Fidessa trading platform 11 May 2016Hong Kong Reporter: Stephanie Palmer
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Tokai Tokyo Securities in Asia has gone live with Fidessa’s Asian trading platform in Hong Kong.
A wholly-owned subsidiary of Tokai Tokyo Financial Holdings, Tokai Tokyo Securities will use the trading platform as a fully outsourced service.
The Hong Kong platform offers features such as FIX order capture, monitoring of client order performance, pre- and post-trade risk management and trade analysis. It is now used by 25 local and international firms.
Nishida Tadahiko, director and president of Tokai Tokyo Securities in Asia, commented: "Tokai Tokyo has been using the Fidessa system for years in Japan, with full confidence in the platform's features and reliability. As such, it was a natural move for us to extend usage in the Asia region, and rationalise our systems between countries."
Jean-Pierre Baron, managing director of Fidessa in Asia, added: "This expanded partnership with Tokai Tokyo demonstrates the value our clients see in our relationship. We have invested heavily in infrastructure and quality of service, placing us as the natural choice for firms wishing to rationalise systems and offload their operations to a proven, professional vendor."
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