Fidessa Selected by Toyo Securities for Wholesale Agency Trading

British veteran platform and financial services technology developer, Fidessa Group plc (LSE: FDSA), has strengthened its position among domestic Japanese brokerages with the announcement today that Toyo Securities, an independent securities company headquartered in Tokyo, has selected Fidessa as its new wholesale agency trading system.

Explore the Japanese FX and Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term Scene at Tokyo Summit 2015

The new partnership means that Fidessa now services six of the top eight domestic brokers in Japan with its fully-managed Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term solution.

Wataru Sato, Trading Section Manager for the Corporate Department at Toyo Securities, comments: "With the new system we will further improve our algorithmic trading service, especially our direct strategy access (DSA) offering. We continue to strive to meet the diverse needs of our users by providing faster and more accurate trading services to our existing clients, as well as to new clients, who we hope to acquire through our service expansion."

According to the press release, the increasingly complex and liquid Japanese trading environment has meant that brokerages have sought greater functionality from their front-end systems.

Fidessa has clearly been one winner from the situation, allowing it to further extend its reach into Asia. Indeed, today’s announcement comes on the back of announcements in February and May of recent Fidessa successes in China.

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