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Phillip Securities Japan Ltd. integrates AlgoTrader for futures trading


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Phillip Securities Japan Ltd. integrates AlgoTrader for futures trading

AlgoTrader AG just informed that Phillip Securities Japan Ltd., a Tokyo-based broker with membership in TSE, OSE and TOCOM has integrated the AlgoTrader 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 and can now satisfy the increasing demand from their institutional clients around the world for high quality, execution of Japanese futures using execution algorithms.

Serdar Armutcu, Head of Electronic Trading of Phillip Securities
Serdar Armutcu, Head of Electronic Trading of Phillip Securities

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.

Richard Chmiel, CRO of AlgoTrader AG
Richard Chmiel, CRO of AlgoTrader AG

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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Phillip Securities Japan Ltd. integrates AlgoTrader for futures trading

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