June 14, Tokyo, Zurich, AlgoTrader AG today announced that Phillip Securities Japan Ltd., a Tokyo-based broker with membership in TSE, OSE and TOCOM has integrated AlgoTrader, an institutional-grade and award-winning algorithmic trading solution for trading index futures with its newly launched futures dark pool.
Phillip Securities consulted AlgoTrader to meet their desire for custom execution algos for Japanese futures trading on the JPX. It was important to have a robust, performant and flexible electronic-trading infrastructure to handle Phillip’s precise requirements.
After the successful Go-Live, Phillip Securities’ institutional clients are now able to gain better execution prices and minimize slippage and market impact. Due to the open architecture of AlgoTrader, the software was able to cater to the speciﬁc requirements of Phillip Securities. Hence, Phillip Securities can now satisfy the increasing demand from their institutional clients around the world for high quality, execution of Japanese futures using execution algorithms.
“In today’s world, it is increasingly important to invest in technology and people to better serve customer’s needs. Being a niche broker, we have to focus on being where others aren’t and one step ahead. We are happy about the successful go-live and implementation of our own custom execution algos for the popular Index futures products on the JPX. The algos are integrated with our newly launched dark pool, offering price improvement with reduced tick sizes. It follows our consistent approach to provide our clients with a flexible system to better serve our client’s needs. The advantage is of great benefit for our clients: straight-through processing and better execution quality” says Serdar Armutcu, Head of Electronic Trading of Phillip Securities.
With the help of AlgoTrader’s algorithmic trading software and its on-premise functionalities, Phillip Securities can manage their customer order flow more easily and conveniently to exploit existing inefficiencies in the market through disciplined, rules-based automated trading.
“AlgoTrader AG is pleased to support Phillip Securities with our institutional-grade algorithmic trading software. We see increasing demand in the market for custom execution algos and both Phillip Securities and its clients will benefit from this critical functionality,” concludes Richard Chmiel, CRO of AlgoTrader AG.
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About Phillip Securities Japan
Phillip Securities Japan is Phillip Capital’s securities arm in Japan. The firm is a member of TOCOM, TSE, OSE (Jasdaq & Futures) and Tokyo AIM. With more than 120 employees, Philip Securities Japan provide Japanese Equities, Asian Equities, US Equities, Bonds, FX, Funds and Futures to B2C and B2B clients, via face to face phone, call center and internet. We are among only a few securities companies to have TSE, TOCOM and OSE membership. Please visit www.phillip.co.jp/en for more information on Phillip Securities Japan.
Available on-premise or in the cloud, AlgoTrader is an institutional-grade algorithmic trading software solution for conducting quantitative research, trading strategy development, strategy back-testing and automated trading for both traditional securities and crypto assets. AlgoTrader provides everything a typical quantitative trading firm requires to run its research and trading operations. It is the very first and most advanced algorithmic trading software product to allow automated trading of Bitcoin and other crypto assets. Based in Zurich, New York, and Singapore, AlgoTrader operates globally.
For more information, please visit https://www.algotrader.com.