IND-X Securities Limited has launched its operations using Fidessa LatentZero’s EMS Workstation to provide execution services, initially for Japanese equities trading.
A subsidiary of Tokyo Stock Exchange-listed Japaninvest Group plc, Japan’s largest independent research house, IND-X Securities is a new securities firm.
IND-X Securities’ will receive client order flow through the Fidessa LatentZero EMS Workstation, then routed to the market via Fidessa’s global connectivity network which provides buy-side clients with access to the care, DMA and algorithmic trading services of 230 brokers worldwide.
IND-X currently provides execution services for Japanese stocks but plans to add Asian and UK market execution in the first half of 2008.
“Using Fidessa LatentZero’s EMS solution and the skills of our experienced execution specialists, we can level the playing field for the smaller sell-side firms, providing them with access to a broad range of execution venues at a reasonable cost. As more and more venues open up in the post-MiFID trading environment we will be able to route client orders to these venues to ensure continuing compliance with client’s best execution policies,” Says Peter Twist, CEO, IND-X Securities.
“We are delighted to welcome IND-X as a new customer and user of our EMS Workstation solution, which is gaining increasing popularity in the market largely due to its broker neutrality, global coverage and ASP delivery model. It is a very quick way for any asset manager to achieve market connectivity to brokers, DMA and algorithms,” adds Richard Jones, CEO, Fidessa LatentZero.