Tora Trading, an Asian electronic trading solutions provider, has connected its TORA Compass trading platform to Asian dark pool BlocSec.
The link will allow Tora’s clients direct access to BlocSec, which was launched by Asian brokerage and investment group CLSA Asia-Pacific Markets in May. Currently, BlocSec offers block-trading services in Hong Kong, Singapore and Japan, and is open to both buy- and sell-side firms.
“Off-exchange liquidity is becoming an increasingly important component of a successful trading strategy in many Asian markets,” said Robert Dykes, CEO of Tora. “Adding BlocSec to the existing alternative liquidity choices in TORA Compass provides a significant new capability for our buy-side clients, especially those who need to execute block trades in an efficient manner.”
TORA Compass is the firm’s order and execution management system, which provides connectivity to 24 exchanges in 14 Asian countries, through 75 brokers. The product is aimed at hedge funds, long-only asset managers, and proprietary trading desks.