In Japan, testing with stock exchanges proves costly, time restricted and limited to specific days. This contradicts the industryâs needs to service its buy side clients with new product services, in particular algorithmic trading strategies that require intensive testing cycles. MetaBitâs new product is a sophisticated Japanese Exchange Simulator that eases sell sidesâ efforts to perform Quality Assurances of market changes, and implementing new services such as algorithmic trading strategies of their OMSs that interface with Japanâs major exchanges.
The new product has evolved from MetaBitâs internal needs for complex exchange simulators to continuously test their core products against the major exchanges. Today, MetaBitâs Japanese Exchange Simulators are a packaged software solution that can be licensed by external parties. MetaBitâs exchange simulators are entirely agnostic to any software product that requires a Japanese exchange simulator.
âMetaBit is pleased to provide a service to Japanâs industry members engaged with the local markets,â comments Daniel BÃ¼rgin, MetaBit CEO, âwe consider it a value added service to the industry, as it is independent of any other MetaBit software solution. MetaBitâs Japanese Exchange Simulators are completely vendor neutral. Their aim is to reduce testing cycles with the exchanges â a need MetaBit shares with all industry participants. Itâs value proposition is further strengthened as the Exchange Simulators recognise all order types specific to Japanese markets such as âfunari,â and include âmarket openâ and âmarket closeâ signals from the exchange simulator.â
MetaBitâs Japanese Exchange Simulators can be accessed through TCP/IP interfaces that exactly emulate the exchange gateways.