September 20, 2011: PhillipCapital Group Offers High Frequency Platform for OSE to Singapore Traders with KVH
- Facilitating Growth in Overseas Market Participants in Japan’s Evolving HFT Market
Press Release: September 20, 2011
Tokyo, September 20, 2011 – Phillip Securities Japan Ltd.(hereinafter referred to as “Phillip Securities”), the Japanese arm of the PhillipCapital Group, and KVH Co. Ltd. (hereinafter referred to as “KVH”), Japan’s leading information delivery platform providing integrated cloud and network solutions, today announced that Phillip Securities has selected KVH Proximity Services for the extension of its HFT*1 platform for “J-GATE,” the latest Derivative Trading System of the Osaka Securities Exchange (OSE), to Singapore. This extension in its platform will enable overseas market participants to access “J-GATE” with ultra low latency connectivity and high performance technology.
With OSE and other major exchanges introducing next generation trading platforms and revising their trading schemes, the HFT environment in Asian markets, including Japan and Singapore, is rapidly evolving. To meet new market demands, Phillip Securities selected KVH Proximity Services, a widely acclaimed ultra low latency proximity hosting solution. Leveraging its global network and high level of expertise, Phillip Securities’ new platform will facilitate overseas investors in participating in Japan’s evolving HFT market.
Combining high-speed optical fiber networks with data centers located close to major domestic exchanges, KVH proximity services provide a complete hosting environment well-suited for ultra low latency trading transactions that include multiple exchanges from a single location. KVH also offers ultra low latency access over its global Ethernet network to the world’s major financial centers, leveraging its own network points of presence in Singapore, Hong Kong, and Chicago as well as its global partnership with COLT in Europe.
“We are pleased to announce that we are now providing ultra low latency trading platform for OSE to our Global and Japanese clients. Together with our membership, execution, and clearing service to SGX, CME and other exchanges, PhillipCapital Group offers to its global HFT clients a broader trading technology with ultra low latency solution,” commented Mr. Hitoshi Shimoyama, CEO of Phillip Securities.
“With ultra low latency connectivity to OSE and other major Japanese exchanges as well as to global financial centers, KVH was found to offer the best solutions in the market to meet Phillip Securities’ needs. We are pleased to have been selected for the extension of Phillip Securities’ HFT platform to Singapore, which will effectively address increasing demands from overseas market participants. We plan to continue strengthening our capabilities and solutions for the financial services industry to support the local trading market and our growing portfolio of customers in this field,” said Dr. Zhongmin Guo, Executive Vice President, International of KVH.
About Phillip Securities
Phillip Securities is part of the PhillipCapital Group, an international financial group headquartered in Singapore with operations in ten countries around the world. PhillipCapital Group is one of the leading financial services providers in Singapore, Hong Kong and other major Asian markets, and as a group holds over USD 1 billion in equity capital, and more than USD 18 billion in assets under management. The group has over 3,500 employees worldwide, and provides comprehensive financial services to more than 720,000 corporate and individual customers. Capitalizing on its network and expertise in Asia, Phillip Securities in Japan offers a wide range of financial products including Japanese stocks, Asian stocks with strong growth potential, investment trusts, foreign bonds, FX and futures, through both online and face-to-face sales channels. For details see the company’s website: http://www.phillip.co.jp/
KVH was established in Tokyo in 1999 by Fidelity Investments as a Japan focused IT/communications service provider. As an information delivery platform that allows enterprise customers to store, process, protect and deliver their vital business information, KVH offers integrated cloud and network solutions that include infrastructure-as-a-service, managed services, data center services, professional services, data networking, internet access, and voice services. KVH operates the lowest latency network in Japan, and with over 450 financial services customers, is the leading provider of ultra low-latency network and proximity hosting solutions to the high-frequency trading community in Tokyo and Osaka. KVH also offers low-latency connectivity services between major financial markets in the Asia/Pacific region and the US including Tokyo, Chicago, New York, Singapore, Hong Kong, Shanghai, and Sydney. More information on KVH can be found at www.kvh.co.jp/en/
*1 HFT: High Frequency Trading. Trading whereby a large volume of transactions is processed in a very short period of time at a high speed using high performance computing.