Tokyo, Japan and London, United Kingdom
SBI Holdings, Inc.("SBI"), CEO Yoshitaka Kitao, announced today that SBI will be launching a neutral PTS licensed securities broker, to improve convenience in the equity market for local investors. The PTS broker will commence operations early next year.
On 30th November 2006, SBI Japannext Co.,Ltd. ("SBIJ"), a fully owned subsidiary of SBI, signed a "Managed Services Agreement" contract with Atos Euronext Market Solutions ("AEMS") to use their trading platform. The system licensed by AEMS is the latest Linux based version of NSC, and is currently used by the Euronext Group and several other leading global exchanges.
SBIJ, currently owned 100% by SBI, will open its capital to participant brokers and members. The necessary process for registering as a broker dealer and obtaining the PTS license has already started. The intention is to operate the PTS in the evening, out of normal market hours. Online brokers and regular broker dealers will participate in the PTS with a view to secure fair and neutral prices for their customers. The market data will be distributed by a couple of major vendors.
SBIJ will work closely with AEMS to enhance the platform so that it is compliant with local regulatory requirements. "Partnering with AEMS gives us access to a proven, scalable trading system and will allow us to bring innovation to the Japanese equity market in a very short timeframe." says Yoshitaka Kitao, CEO of SBI Holdings, Inc.("SBI").
"Providing SBI with our 'best in class' trading platform is a key milestone in the development of our presence in the Japanese market, where we already supply our derivatives trading platform to TFX. We feel privileged to have been selected as SBI's vendor of choice." says Jean-Marc Bouhelier, CEO of AEMS.
"This partnership will continue to expand AEMS' presence as a key supplier of technology services to exchanges in Asia." says Jessie Pak, AEMS Head of Asia.
About Atos Euronext Market Solutions (AEMS)
AEMS is the leading global provider of technology solutions for exchanges, clearing houses, banks, brokers, and intermediaries.
AEMS was created by two industry leaders - Atos Origin and Euronext - who combined their interests to focus on providing technology exclusively for financial markets. By taking the people, assets, and technology from both of these organisations and bringing them together into a single, independent company, the opportunity for real leadership in this sector was created.
As market leaders, we value the insight of our clients and as their technology requirements develop, we collaborate to find the most suitable product solutions for their needs.
We serve global markets throughout the trading process - banks, brokers, asset managers and intermediaries; exchanges; clearing houses and CSDs.
We employ 1,300 industry experts worldwide and have offices in London, Paris, Chicago, Dubai, Hong Kong, and Brussels.
www.aems.net
CONTACT: AEMS Shereen Hunter-Schyff Global Head of Public Relations & Communications Tel: +44 (0)207 655 7600 shs@aems.net
CONTACT: AEMS Shereen Hunter-Schyff Global Head of Public Relations & Communications Tel: +44 (0)207 655 7600 shs@aems.net , ,
Source: Business Wire (Business Wire India)