MISYS SECURITIES TRADING SYSTEMS ENTERS PARTNERSHIP WITH HITACHI IN JAPAN

Misys Securities Trading Systems (Misys) and Hitachi Ltd in Japan have entered into a marketing partnership to promote the leading securities trading platform, Market Trader, in the Japanese market.

Regulations in Japan now require real-time limits and position keeping in proprietary trading. As a result, brokers are demanding a system that can confidently handle limits and risk management. Market Trader, Misys’s flagship front office system, provides the functionality as required of the regulations. Furthermore, as trading volumes are reducing in Japan, the high cost of manual processing still remains, driving the need for cost reduction. Market Trader, offering integration between the front-office execution point and the back-office processing, eliminates the need for re-keying of trades whereby reducing errors and increasing efficiency.

The partnership with Hitachi forms part of Misys’s strategy for the Japanese domestic market place. Working with a leading local organization with specific local knowledge and skills allows the two well-established companies to pool strengths and penetrate a unique market. Hitachi already has an installed base of customers and a growing market share in the financial information systems market.

Mr Noguchi, President, Software Licensing and Alliance Department, Hitachi Ltd, said, "Hitachi is positioning the financial services business as a strategic area of operations in which high growth can be generated by integrating this sector of operations with the broad-based, high-level information technology capabilities of the Hitachi Group. We are delighted to have formed a partnership with Misys Securities Trading Systems, as we find that the excellent Japanese functionality within Market Trader fits in with our overall approach for the Japanese securities industry. As the capital markets industry in Japan continues to become more competitive, we hope that this partnership will grow into a more significant relationship."

Ralph Horne, Director of Asia Pacific Operations for Misys Securities Trading Systems added, "This is excellent news, and provides us with opportunities to increase the reach of our product set in Japan, and creates an even more powerful team in the Asia Pacific Region. With greater needs for true STP capabilities and compliance in Japan, I look forward to the significant contribution this relationship with Hitachi will make to the continued success of market Trader."

The partnership with Hitachi comes after an extensive review of the market by Misys. Believing that local partnerships are the optimum way to penetrate the Japanese marketplace, Misys has forged a similar relationship with Fujisoft and sources its Stock Exchange line handlers from Toshiba. Market Trader is already a proven success in Japan, with over 30% of the market.

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