Okasan Using Fidessa Platform for Equities and Derivatives Trading

Okasan Securities has selected Fidessa's Japanese platform for its trading operations.

The company will use the platform to trade Japanese cash equities and derivatives in the increasingly fast-paced market, with a specific focus on algorithmic trading.

"First of all," says Norihiko Funatsu, former senior general manager, equities department at Okasan, "the trading platform fits us perfectly to achieve our target of building a comprehensive algorithmic trading platform. 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. Secondly, we liked Fidessa's unrivalled experience in global markets trading and the fact that we could use Fidessa's FIX connectivity network as a tool to access global markets easily."

Ian Chilton, chief executive of Fidessa, Japan, adds: "It is our great pleasure to announce that Okasan Securities has selected Fidessa's Japanese trading platform. 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."