Okasan Securities, an independent securities company based in Tokyo, has selected Fidessa’s Japanese trading platform for its proprietary trading business.

Fidessa has been used by Okasan's agency business for Japanese cash equities and derivatives trading since November 2011. As well as adding prop-trading, this new deal also includes access to the platform’s global connectivity network providing links to multiple execution venues both locally and overseas. In addition, BlueBox, Fidessa's fully-integrated algorithm trading engine, will be implemented.

Kazuhiko Kitagawa, senior general manager, proprietary investment dept. at Okasan Securities, comments: "We have decided to expand our prop-trading business internationally and Fidessa's trading platform will enable us to extend our coverage beyond the domestic equities market. We selected Fidessa for a number of key reasons. Firstly, it provides an integrated multi-currency and multi-asset trading capability across equities, futures and options, along with access to a comprehensive global connectivity network. Secondly, the service will cover all the system upgrades required for changes in regulation and exchange connectivity as a result of the TSE and OSE merger. And thirdly, Fidessa has been running live and stable in our agency business for the last year and we felt that it would make a lot of sense to integrate the trading system across our agency and prop businesses. In expanding our prop-trading activities, we will begin by looking at the Asian derivatives markets where the trading hours are close to the Japanese time-zone. We will also be strengthening our global trading capabilities by investing in human resources and staff training."

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