Jun 13, 2012
Nissan Century Securities picks Fidessa for equity trading
Japanese broker Nissan Century Securities has chosen a
trading platform from technology provider Fidessa to begin trading Japanese
cash equities.
Nissan Century Securities is a derivatives trading
specialist and the only Japanese broker that offers access to the country's four major exchanges – the Tokyo Stock Exchange (TSE), Osaka
Stock Exchange, Tokyo Commodity Exchange and Tokyo Grain Exchange – as a clearing member/participant. Retail and institutional clients send orders to Nissan
Century Securities for more than one million derivatives contracts per month.
The firm is now starting a new service for cash equities using Fidessa’s
Japanese trading platform, which is fully managed and is designed for multi-asset
trading. The platform offers algorithmic trading tools and smart order routing
technology.
“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 interest to cash equities,” said
Tomoaki Hirao, executive officer and head of global sales and derivative
planning at Nissan Century Securities. “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 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 that the firm intends to
start offering 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,” he said.
Elliott Holley
+44 (0)20 7397 3820
elliott.holley@information-partners.com