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Fidessa provides access to Chi-X Japan

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Fidessa group, a provider of trading, connectivity and market data solutions for the buy-side and sell-side, is providing connectivity to Chi-X Japan through its global FIX network.

This will allow users of Fidessa’s trading products, as well as clients connected to Fidessa’s global network, to access the liquidity and market data available from this new venue.
 
Chi-X Japan, a subsidiary of Chi-X Global, is the first Chi-X venue to launch in Asia and the latest proprietary trading system in the Japanese equity market. 

Chi-X Japan’s matching engine serves as the foundation for the alternative trading venue for broker-dealers and their end investors.

The launch of Chi-X Japan also coincides with the Japan Securities Clearing Corporation commencing clearing operation on proprietary trading system transactions.
 
Joseph Meyer, representative director for Chi-X Japan, says: “We are very pleased to be joining Fidessa’s global community. This will give brokers who are already on the Fidessa network the opportunity to access our execution venue without the need to establish a separate physical line into Chi-X Japan. We are committed to working with the trading community to bring further innovation and new trading activity to the Japanese capital markets.”
 
Hiroshi Matsubara, marketing director for Fidessa in Japan, adds: “We are very excited to welcome Chi-X Japan as an execution venue on our Fidessa global network. 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. The Japanese market is currently going through fundamental structural change and this is expected to bring more liquidity from the high frequency trading community.”

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