Imported from previous forum
[ original email was from Koji Ito - kojii@meta-bit.com ]
Leading online trading broker Taicom Securities has adopted MetaBit’s innovative trading tool XiliX as its dealing system for futures on the Tokyo Commodity Exchange (TOCOM). Initially, 10+ dealers will utilise XiliX, but the ultimate goal is to roll out the new dealing system to all staff. This greatly facilitates dealing activities at Taicom, as the Exchange regulates the number of exchange terminals allocated to its broker members. With input from Taicom’s dealers, MetaBit has tailored XiliX to include specific TOCOM trading terminal features unique to the needs of a proprietary dealing desk.
XiliX is powered by the leading CameronFIX platform, revolutionising Japan’s FIX world, enabling multi-broker trading and reducing transaction processing times, setting the foundation for shorter settlement cycles.
TOCOM approved MetaBit as an ISV (Independent Software Vendor) for the Exchange in 2004.
“Taicom Securities has continuously adopted new ideas and technologies into Japan’s financial industry. We are pleased to see that MetaBit had the flexibility to incorporate our traders’ difficult requirements,” says Mr. Akihiro Nishida, President, Taicom. “The added function further enhances Taicom’s dealing techniques, assisting our investment strategies. In turn, we plan to implement the FIX protocol for our other operations, and expand both outbound and inbound flow throughout Asia.”
“MetaBit has enhanced XiliX, our real time trading tool, to fulfill the needs of the professional dealers at Taicom,” says Etsuko Shimabukuro, Senior Consultant, MetaBit, “Based on input from Taicom’s dealers, we implemented short cut keys to improve performance, and further enhanced XiliX to comply to multiple screens, utilized by dealers, surpassing functionality of an exchange terminal. MetaBit is pleased to have the opportunity to extend our product and services to the highly professional dealing environment of Taicom. We are confident we can continue to satisfy the needs of other institutions who deal with commodity futures.”
The CameronFIX platform gives firms access to global markets, high availability, integrated compliance, monitoring, exception management, market data services and more. The latest CameronFIX Version 6.2 provides further trading enhancements for risk and compliance, workflow management, advanced execution and networks/HUBs.
About Taicom:
Establishment in February 1956, Osaka (Japan) based Taicom Securities Co., Ltd. is licensed for commodity futures trading. This year, a new system was implemented to realize a dual trading strategy including both equities and commodity futures. Taicom strives to be a multi-facet financial institution not bound by only commodity futures trading, by continually adjusting their infrastructure from all angles. Taicom does not stop at merely informing clients of movements in financial markets, but continuously creates and releases new information. Taicom differentiates itself from competition by offering such value added services to clients.
For more information, please visit www.taicom.co.jp
About MetaBit:
Since its establishment in 2000, MetaBit has built a strong market reputation as a FIX solution provider, by providing quality products & services to the equity and commodity industry in Japan and Asia Pacific. In Japan, MetaBit is the authorised reseller and support partner of CameronFIX, the world’s leading FIX engine. MetaBit actively promotes FIX throughout Asia and assists traditional institutions with the adoption and implementation of the FIX protocol. MetaBit’s clients are based in Japan and South East Asia, and represent leading buy and sell side institutions.
For more information, please visit www.meta-bit.com
Press Contact:
Koji Ito +81-3-3664-4160
sales@meta-bit.com