Chi-X Japan, a subsidiary of Chi-X Global, has joined the global FIX network of Fidessa group, a provider of trading, connectivity and market data solutions for the buy-side and sell-side.
Through this new connectivity, users of Fidessa’s trading products and the clients connected to Fidessa’s global network can access the liquidity and market data available from Chi-X Japan.
Chi-X Japan was the first Chi-X venue that was launched in Asia and the latest PTS (Proprietary Trading System) in the Japanese equity market.
Chi-X Japan representative director Joseph Meyer said that the connectivity will give brokers who are already on the Fidessa network the opportunity to access execution venue without the need to establish a separate physical line into Chi-X Japan.
“We are committed to working with the trading community to bring further innovation and new trading activity to the Japanese capital markets,” Meyer said.
Fidessa marketing director in Japan Hiroshi Matsubara said that the Japanese market is currently going through fundamental structural change and this is expected to bring more liquidity from the High Frequency Trading (HFT) community.
“Further development of PTS operations will be key in soliciting further liquidity into the Japanese equities market, and incumbent exchanges will also benefit from this total increase in liquidity flow,” Matsubara said.
Fidessa provides connectivity to more than 2,400 buy-sides and 550 brokers across 142 markets globally. Fidessa’s products serve around 26,000 users across 900 clients globally.