Nissan Century Securities Selects Fidessa’s Japanese Trading Platform
Fidessa group plc (LSE: FDSA), provider of high-performance trading, investment management and information solutions for the world’s financial community, has announced June 7 that 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 well known as an expert in trading derivatives with experience stretching back over 50 years. They are uniquely positioned as 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 Century Sec. for more than one million derivatives contracts per month for its unique, specialized electronic trading services. They have now decided to start a new service to satisfy the growing demand for trading Japanese cash equities by international and domestic clients, and have selected Fidessa to support these new order flows.
Fidessa’s Japanese trading platform is a fully managed solution for multi-asset trading. With its advanced trading tools, such as algorithmic trading and smart order routing, Fidessa supports complex business processes and will allow Nissan Century to deliver improved levels of service to their clients.
Tomoaki Hirao, Executive Officer and Head of Global Sales and Derivative Planning at Nissan Century Securities, comments: “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’s integrated global network and cutting edge technology, which fully supports Japan specific regulations and compliance requirements, was the best fit.”
Tatsuya Yamada, Deputy Director and Executive Officer of Product Planning at Nissan Century Securities added: “To continue to expand our business with domestic clients, supporting electronic trading for cash equities is an essential element for today’s trading environment. With Fidessa’s technology, we intend to start offering DMA (Direct Market Access) services to non-member firms in the near future. To provide an environment where clients can trade with lower costs, Fidessa is going to be an ideal system with its comprehensive global connectivity and high speed trading technology – including algorithmic trading – as a ready to use packaged solution.”
Ian Chilton, CEO Fidessa Japan, comments: “Over the last few years, Fidessa’s strategy in Japan has been to heavily invest in the development our Japanese platform, in order to fully meet the exacting demands of the domestic market, whilst simultaneously providing our Japanese clients easy access to global markets, international and domestic counterparties, and to the most advanced, high-performance, multi-asset, trading technology available anywhere. We are very gratified that this ongoing investment, and “best of both worlds” approach, has now been validated by our exciting new partnership with Nissan Century Securities.”