HimawariCX has licensed the FIX market data distribution solution provided by MetaBit, an ISV of TOCOM. The decision represents a planned milestone in HimawariCXâs strategy to strengthen their lead position in servicing commodity trading customers in and outside Japan. In 2005, HimawariCX already FIX-enabled its commodities trading infrastructure to MetaBitâs Market Liquidity Hub (MLHTM) with a CameronFIX direct market connectivity to TOCOMâs native exchange protocol.
âHimawariCX is as a leader in Japanâs commodity futures industry, being the only futures commission merchant to cover domestic and international Exchange Traded Derivatives and OTC markets 24 hours a day. The latest offer to provide TOCOM realtime market data through FIX into our trading terminal highlights our commitment to responding to clientsâ trading needs,â said Mac Sugitani, HimawariCX, Executive Director, International Business Department. Mr. Sugitani continues, âBy utilising FIX technology for market data distribution, HimawariCX has achieved a strategic edge on technology to provide low-latency market depth trading to our domestic and offshore client base. MetaBitâs experience in FIX and specialised trading solutions has been essential to realise this objective.â
âEfficient and low latency distribution of TOCOMâs market data for broker membersâ trading solutions is increasingly becoming a critical success factor in the commodity futures industry. A large number of commodity futures participants are based in South East Asia, and competition for market share between Asiaâs commodity exchanges is growing,â says Daniel Burgin, MetaBitâs CEO. âMetaBit is very pleased that HimawariCX had selected our proposed solution to build a low-latency TOCOM market data distribution platform based on the FIX protocol. It represents a successful business case where FIX proves its capacity for market data distribution. As a result of this success, MetaBit is planning to extend its TOCOM ISV membership for official market data distribution, as well as pioneering FIX and FIX FAST for Japanâs other major exchanges such as TSE and OSE.â