TOKYO--(BUSINESS WIRE)--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.
*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.
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.com.sg/
About KVH
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/