Fidessa group, a provider of trading, connectivity and market data solutions for the buy-side and sell-side, has said that SBI Japannext Securities, a Japanese proprietary trading systems (PTSs) has joined its global FIX network.

According to Fidessa, the market data from the PTS will also be provided through its network.

Mitsunori Fukushi, representative director and CEO at SBI Japannext Securities, said: “We are very pleased to be joining Fidessa’s global network. We can now provide both the onshore and offshore trading communities with easier access to our PTS though this connection.”

Hiroshi Matsubara, marketing director for Fidessa in Japan, said: “We are very pleased that Japannext PTS is joining our Fidessa global network. The launch of ‘arrowhead’, Tokyo Stock Exchange’s new high performance trading system for cash equities, is expected to bring more liquidity from the High Frequency Trading (HFT) community into the Japanese equities market, and this community likes to trade across multiple venues.

“Also, later this month, Japan Securities Clearing Corporation (JSCC) will start clearing PTS transactions and Chi-X Japan, sister venue to one of the largest alternative venues in Europe, will start trading Japanese equities.”