The Tokyo Branch of the global investment bank Jefferies Limited, a member of US-based Jefferies Group, Inc. has gone live with the Fidessa Japanese Trading Platform. royalblue, the provider of Fidessa, says that this is the first client to begin using a fully-hosted version of the platform.
Fidessa currently serves ten blue-chip customers in Japan with its Enterprise Trading Platform (ETP), which clients operate on their own hardware. The Fidessa Japanese application is completely hosted and managed by Fidessa in its own Tokyo data centres which reduces the need for clients to have on-site specific hardware.
Jefferies will be using Fidessa for handling inbound client order flow of both care and DMA orders, along with trading directly on the Japanese markets. Fidessa provides full market connectivity to the Tokyo Stock Exchange, Jasdaq and electronic connections to local brokers and to Jefferies globally. The systems include comprehensive order management, real-time position management, Japanese ticketing and compliance functionality, and management of both proprietary and agency orders for multiple on-shore and offshore entities.
“Jefferies needed a solution that provided a flexible and powerful trading and order management service that could easily scale as our business grows,” says Graham Elliot, the director of Japanese equity sales and trading at Jefferies. “Fidessa was the clear front-runner in this area and the system has been delivered to us on time and with unrivalled levels of service and support.”