Kabu.com joins Fidessa’s growing network
Tokyo, September 14, 2009 - Fidessa group plc (LSE:FDSA), provider of the award-winning trading, portfolio management, compliance and global connectivity solutions for the buy-side and sell-side, today announced its connectivity to kabu.com Securities Company, the Japanese proprietary trading system (PTS). The agreement will allow users to connect directly to the cash equities trading venue via FIX through Fidessa's connectivity network or through its trading platform, without the need to establish a new connection.
Mr. Yoichi Ishikawa, Executive Officer, PTS, kabu.com Securities Co., Ltd said:' We are extremely pleased to be joining the Fidessa network. With Fidessa's help it will be easier for clients to access our PTS venues. As the Japanese equity trading landscape is quickly changing to accommodate a diverse group of execution venues, kabu.com is keen to work with Fidessa to attract liquidity from both on and offshore institutions.'
Kabu.com is unique among the Japanese PTSs in that it is the only platform in Japan to offer an auction trading system similar to that of the exchanges. With the help of broker-dealer sponsors including Credit Suisse, UBS, Morgan Stanley, Mitsubishi UFJ Securities, BNP Paribas, and Nikko Citigroup; kabu.com has been able to build a deep pool of liquidity for trading Japanese equities.
Hiroshi Matsubara, Marketing Director for Fidessa in Japan, commented: "Japan is seeing the rapid emergence of alternative execution venues including PTSs, broker dark pools and crossing networks. Fidessa is committed to covering all institutional alternative execution venues that emerge in Japan, especially in the context of the launch of arrowhead by TSE, which is expected to stimulate interactions between execution venues and accelerate fragmentation of the Japanese market."
Fidessa recently announced the readiness of its platform for the launch of TSE's arrowhead, which is expected to go live in January 2010.
Fidessa's network provides connectivity to more than 2,300 buy-sides and 400 brokers across 120 markets globally. Fidessa's products serve around 24,000 users across more than 730 clients around the world and are used by more than 85 per cent of tier-one financial institutions.
Kabu.com Securities Co., Ltd. is an on-line securities company that offers a wide range of services to retail clients as well as two off exchange platforms that facilitate Japanese equity trading for institutional clients. Kabu.com is a subsidiary of the Mitsubishi UFJ Financial Group, Inc. and is a listed company on the 1st section of the Tokyo Stock Exchange.
For further information, please contact:
Hiroshi Matsubara / Hiroko Nakano
+81 (0) 3 4500 1000
Dan Underwood / Mika Jones
Ashton Consulting (PR agency)
+81 (0) 3 5424 7220
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