Trading and risk systems vendor Patsystems will supply Phillips Securities Japan with technology to support its retail brokerage and execution business on Japanese derivatives venue Osaka Securities Exchange (OSE).
Patsystems will provide low-latency connectivity to the OSE, licences for its J-Trader and Pro-Mark trading platforms and a complete back-up system.
Meanwhile SR Labs has deployed two ultra-low latency feed-handling solutions for Japan's Tokyo Stock Exchange on the Options PIPE platform provided by trading technology company Options IT.
Options IT's PIPE Private Financial Cloud services platform delivers low-latency market data, connectivity and fully managed application hosting services.
The joint offering provides trading firms with a managed low-latency market data solution for Japanese markets. As well as providing market data feed handling for the TSE's Arrowhead trading platform, SR Labs now offers both multicast/shared memory and in-process feed handling solutions as an on-demand private cloud service.
The venture is partly intended to support the increasing migration of US and European trading firms' high-frequency trading strategies to the Asian markets.
“Since the launch of Arrowhead in early 2010 and the subsequent launch of Chi-X Japan in July, the Asian market region has quickly developed the speed, liquidity and opportunity for arbitrage that is required for the growth of low-latency trading,” said Srinivasan Ramiah, CEO of SR Labs.