Mitsubishi UFJ Securities Completes Initial Phase of Algorithmic Execution Service Based on Fidessa BlueBox

Logistics Insight Asia - New Products, 14/3/2008

Fidessa group plc, provider of the Fidessa and Fidessa LatentZero trading, market data and global connectivity solutions, has announced that Mitsubishi UFJ Securities Co., Ltd (MUS) has successfully completed the initial phase of its algorithmic execution service based on Fidessa's algorithmic trading platform, BlueBox.

Fidessa BlueBox, launched in 2007 and fully integrated with its order management system, provides easy access to pre-built, industry standard algorithmic trading strategies along with a toolkit that enables clients to build their own proprietary models. BlueBox incorporates low-latency market data and global exchange connectivity, thus providing a proven, easy to deploy and cost-effective solution for brokers wanting to enter the algorithmic trading space.

MUS anticipates considerable demand for its algorithmic execution services from both off-shore buy-side institutions, particularly hedge funds, in the short term and from domestic asset managers in the mid term. Having completed the first phase of its algorithmic trading service, MUS now provides its clients with TWAP and Short Sell strategies, including a combined TWAP/Short Sell strategy, as a trader-intermediate execution. A VWAP model and volume-in-line will be added in the next phase of the project.

Mitsubishi UFJ Securities, www.sc.mufg.jp/english/index.html
Fidessa group, www.fidessa.com