Fidessa lends a hand with Japanese equities
07 June 2012 Tokyo
Image: Shutterstock
Nissan Century Securities, an independent securities company in Japan, has selected Fidessa's Japanese trading platform to trade Japanese cash equities.
Nissan Century Securities is the only Japanese domestic brokerage firm that offers access to the four major Japanese exchanges - Tokyo Stock Exchange (TSE), Osaka Stock Exchange (OSE), Tokyo Commodity Exchange (TOCOM) and Tokyo Grain Exchange (TGE) - as a clearing member/participant.
Both retail and institutional clients around the world already send orders to Nissan for more than one million derivatives contracts per month.
Tomoaki Hirao, executive officer and head of global sales and derivative planning at Nissan Century Securities, said: “The dramatically improved speeds of execution offered by the TSE's arrowhead system have influenced off-shore prop firms, who have been trading mainly derivatives, to shift their interests to cash equities.
“Our main aim for supporting domestic cash equity trading is to attract new off-shore customers to trade Japanese markets. To build up such a new business line in a short period of time, Fidessa was the best fit."
Nissan Century Securities is the only Japanese domestic brokerage firm that offers access to the four major Japanese exchanges - Tokyo Stock Exchange (TSE), Osaka Stock Exchange (OSE), Tokyo Commodity Exchange (TOCOM) and Tokyo Grain Exchange (TGE) - as a clearing member/participant.
Both retail and institutional clients around the world already send orders to Nissan for more than one million derivatives contracts per month.
Tomoaki Hirao, executive officer and head of global sales and derivative planning at Nissan Century Securities, said: “The dramatically improved speeds of execution offered by the TSE's arrowhead system have influenced off-shore prop firms, who have been trading mainly derivatives, to shift their interests to cash equities.
“Our main aim for supporting domestic cash equity trading is to attract new off-shore customers to trade Japanese markets. To build up such a new business line in a short period of time, Fidessa was the best fit."
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