Japanese broker Tokai Tokyo Securities has selected Fidessa’s software-as-a-service (SaaS) trading platform as its new system for trading Japanese cash equities and derivatives.

Fidessa claims that its Japanese trading platform will enable Tokai Tokyo Securities to operate trading business more efficiently and so deliver to their clients better trading services in more effective manner.

In near future Osaka Stock Exchange is planning to launch a new low-latency derivatives trading system that is expected to impact on the way derivatives are traded in Japan. Fidessa’s Japanese trading platform also meets the new Osaka system’s technology requirements.

Tokai Tokyo Securities Equity Department general manager Takashi Matsumura said Fidessa’s trading platform has a strong reputation in Japan, and its high performance capabilities and powerful functionality make it highly suitable for the firm.

“We also found the fully hosted SaaS nature of the service appealing from a cost perspective. We are planning to provide more high quality execution services to institutional clients using the Fidessa platform, including algorithmic trading. In addition, we will also try to expand our offshore client base as a member of Fidessa’s global network community,” Matsumura said.