Trading technology providers have begun to roll out links to recently unveiled Asian trading venues.
Fidessa, which offers trading technology to buy- and sell-side firms, has added proprietary trading system (PTS) Chi-X Japan to its global FIX-based trading network.
The link will provide users of Fidessa's trading products and members of its global network with access to liquidity on Chi-X Japan, the platform launched on 29 July 2010 by trading venue operator Chi-X Global to compete with Tokyo Stock Exchange for Japanese equity trading volume. Chi-X Japan's go-live coincided with the PTSs being allowed to clear trades through domestic clearing house, the Japan Securities Clearing Corporation.
“The launch of Arrowhead, Tokyo Stock Exchange's new high-performance trading system for cash equities, earlier this year, has started a brand new era for high-performance, low-latency trading in Japan,” commented Hiroshi Matsubara, marketing director for Fidessa in Japan. “Further development of PTS operations will be key in soliciting further liquidity into the Japanese equities market. Incumbent exchanges will also benefit from this total increase in liquidity flow.”
Meanwhile, fellow trading solutions provider RTS Realtime Systems Group plans to connect to the Singapore Mercantile Exchange (SMX) when it launches on 31 August.
SMX, a pan-Asian commodity and currency derivatives exchange, will be operated by exchange platform provider Financial Technologies (India). The exchange will provide an application programming interface (API) that will allow software vendors to link to the platform. SMX members will also have the ability to write their own APIs to establish connectivity.
“As we look forward to attracting new product listings from around the world and Asia, we are very pleased to welcome trading firms globally who use the advanced technology and infrastructure of RTS which brings in a number of important algorithmic traders to SMX,” said Thomas J. McMahon, CEO, SMX.