Leading Japanese Brokers Live on OSE J-GATE with Fidessa
Fidessa group plc (LSE: FDSA), provider of high-performance trading, market data and global connectivity solutions for the buy-side and sell-side, has announced February 23 that the majority of Japan’s leading brokers are now trading on the Osaka Securities Exchange’s (OSE’s) new derivatives system, J-GATE (Global Access Trading Engine), using Fidessa. J-GATE went live on 14th February this year.
J-GATE is the next-generation trading system developed by the OSE to enhance the competitiveness of its derivatives market with improved processing capabilities and the introduction of market rules and functions employed by the major overseas exchanges. J-GATE delivers order processing latency up to 20 times lower and order throughput up to 15 times greater than was previously possible. In addition, the OSE provides both an API and FIX connectivity to improve accessibility and to attract liquidity from overseas.
Ian Chilton, Chief Executive of Fidessa in Japan, commented: “I’m pleased to say that our clients – among them many of Japan’s leading brokers – were able to go live seamlessly on the new J-GATE system on its launch. J-GATE is powered by NASDAQ OMX trading technology and Fidessa has considerable experience with a number of exchanges already using the NASDAQ OMX system in Europe, Singapore, Hong Kong, Moscow and Dubai. As competition among exchanges intensifies and demand from securities firms for the latest technology continues, Fidessa remains committed to providing clients with the best possible trading and market data solutions and expertise.”
Fidessa’s global products and services support 26,000 users across 950 clients worldwide and are used by more than 85 per cent of tier one financial institutions. Fidessa’s network provides connectivity to more than 2,400 buy-side and 600 brokers across 150 markets around the world.