Leading Japanese securities company integrates AlgoTrader software for futures trading


Phillip Securities Japan Ltd., a Tokyo-based broker, has integrated AlgoTrader’s algorithmic trading solution for trading index futures with its newly launched futures dark pool. After the successful Go-Live, Phillip Securities’ institutional clients are now able to gain better execution prices and minimize slippage and market impact.


With more than 120 employees, Phillip Securities Japan provide Japanese Equities, Asian Equities, US Equities, Bonds, FX, Funds and Futures to B2C and B2B clients. Phillip Securities consulted AlgoTrader to meet their desire for custom execution algos for Japanese futures trading on the JPX (Japan Exchange Group). Due to the open architecture of AlgoTrader, the software was able to cater to the specific requirements of Phillip Securities. Hence, Phillip Securities can now satisfy the increasing demand from their institutional clients around the world for high quality, execution of Japanese futures using execution algorithms. “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. 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. With the help of AlgoTrader’s algorithmic trading software and its on-premise functionalities, Phillip Securities can manage their customer order flow more easily and conveniently to exploit existing inefficiencies in the market through disciplined, rules-based automated trading. (Press release)