Okasan Deploys Fidessa OMS
As part of a plan to build out a comprehensive algorithmic trading offering, Tokyo-based Okasan Securities has rolled out Fidessa's trading platform for its Japanese cash equities and derivatives markets, according to officials.
"We placed importance on the fact that BlueBox, Fidessa's algorithmic trading engine, is fully integrated into the trading platform and has a strong reputation in the market," says Norihiko Funatsu, former senior general manager, equity department at Okasan Securities.
Funatsu also cites the Fidessa FIX network as another reason for the platform's selection.
"While the Japanese market is currently going through fundamental structural change, we are strategically emphasizing our state-of-the-art trading technology for domestic clients," says Ian Chilton, CEO of Fidessa in Japan. "The exchanges and alternative venues are evolving and enhancing their trading systems all the time, and we continue to support our domestic clients by insulating them from the constant system upgrades to this trading environment."
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