The hosted model gives Mito access to front and middle-office trading tools
UK-based Fidessa group has announced that Japan-based Mito Securities has selected its hosted Japanese trading platform for trading Japanese cash equities.
Fidessa said that Mito Securities will be taking advantage of its hosted model, which gives Mito access to front and middle-office trading tools and the confidence of having its platform hosted in Fidessa’s resilient and secure data centers.
Mito Securities is also expected to benefit from Fidessa’s integrated market data and algorithmic trading tools as part of the platform, added Fidessa.
Michikazu Ando, executive officer of Mito Securities, said: Fidessa has a strong reputation for high performance products in Japan, and that was very important to us when choosing our trading platform, given the scheduled launch of Arrowhead, the next generation trading system for cash equities, on Tokyo Stock Exchange 2010.
Ian Chilton, CEO of Fidessa in Japan, said: It is a delight to announce Mito Securities as our first client for our hosted version, which demonstrates Fidessa’s ability to support the domestic market here in Japan. Fidessa has carried out extensive product development to ensure that the trading platform meets the particular needs of the Japanese market, and is committed to doing so on an ongoing basis.