Tokai Tokyo Securities goes live with Fidessa’s trading platform
Hong Kong © Wikipedia
Tokai Tokyo Securities (Asia) has gone live in Hong Kong with Fidessa’s trading platform as a fully outsourced service.
Nishida Tadahiko, director and president of Tokai Tokyo Securities (Asia), says: “We have been using the Fidessa system for years in Japan [where the parent company, Tokai Tokyo Financial Holdings, is located], 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.”
Fidessa says over 25 local and international firms are using the trading platform in Hong Kong, including RHB Investment Bank (see below for details).
The platform offers such features as FIX (Financial Information eXchange) order capture, monitoring client order performance, indication of interests (IOIs), pairs, algorithmic trading, basket trading, internalisation, pre- and post-trade risk management, trade analytics and charting.
The Fidessa file
Earlier this year, Malaysia-based RHB Investment Bank (RHB) implemented Fidessa’s trading platform across Asia.
On top of this, Fidessa showed some confidence in 2016 after reporting a growth in revenue in 2015 of 7%, rising to £295.5 million up from £275 million in 2014. It says this was despite the reduction and closure of many sell-side trading operations over the last 12 months.
