The Tokyo branch of MF Global FXA Securities has gone live with Fidessa’s Japanese trading platform for its newly established Japanese equities business.
MF Global FXA Securities (Japan), a wholly owned subsidiary of MF Global group, had previously been very active in margin FX trading in Japan and has now expanded into a research driven equity brokerage business, with plans to expand further into the full range of OTC and listed derivatives services including CFDs.
Fidessa’s trading platform enables MF Global FXA Securities to offer automated electronic equity trading on the Japanese market.
Graham Elliott, chief executive at MF Global FXA Securities, says: “Selecting Fidessa’s Japanese trading platform was an important strategic decision for our new start-up business here in Japan. Fidessa’s rich functional line, time to market for its product delivery and the cost effectiveness of its hosted solution were key factors in our decision."
Ian Chilton, chief executive of Fidessa in Japan, adds: “We are pleased to see MF Global FXA Securities successfully going live with the Japanese trading platform. With our proven track record of serving the Japanese domestic equities market, we look forward to working with MF Global and are confident that we can contribute to their business expansion."
