SBI Japannext securities joins Fidessa network

Fidessa group has announced its FIX network's connectivity to SBI Japannext Securities, the Japanese Proprietary Trading Systems (PTSs). The market data from the PTS is also provided through the Fidessa network.

Mr. Mitsunori Fukushi, Representative Director & CEO, SBI Japannext Securities Co., Ltd., said: "We are very pleased to be joining Fidessa's global network. We can now provide both the onshore and offshore trading communities with easier access to our PTS though this connection. We are determined to continue providing the highest quality pool of liquidity."

Hiroshi Matsubara, Marketing Director for Fidessa in Japan, commented: "We are very pleased that Japannext PTS is joining our Fidessa global network. The launch of "arrowhead", Tokyo Stock Exchange's new high performance trading system for cash equities, is expected to bring more liquidity from the High Frequency Trading (HFT) community into the Japanese equities market, and this community likes to trade across multiple venues. Also, later this month, Japan Securities Clearing Corporation (JSCC) will start clearing PTS transactions and Chi-X Japan, sister venue to one of the largest alternative venues in Europe, will start trading Japanese equities. Fidessa is committed to continuing to expand the market coverage of its global network and to meet the demands of the trading community with advanced trading tools such as SOR (Smart Order Routing)."