TORA, provider of the industry’s most advanced cloud-based order and execution management system (OEMS), has today announced that one of Japan’s innovative brokers has selected TORA for its OEMS services to aid growth of their agency Electronic trading business.
This is a big win for TORA in the Japanese sell-side market. As more sell-side companies are looking outside of their legacy providers to source the latest trading technology. TORA will deliver its OEMS solution to Mita`s newly established electronic trading desk.
TORA was selected for the mandate due to their quick implementation times, scalable product with the ability to handle both sell side brokerage as well as in house proprietary trading. The company is uniquely positioned as it offers both sell-side and buy-side solutions in one platform for all asset classes.
Robert Dykes, CEO, TORA stated “We are very happy that Mita has chosen TORA – they are paving the way for boutique Japanese brokers. I think our strong OEMS platform coupled with access to both buy side & sell side trading systems, and primary markets such as Tokyo Stock Exchange will be a great partner for Mita to scale with as their business inevitably grows”.
Kunihiro Mita, President and CEO of Mita Securities stated “As trading is becoming more efficient and transparent, electronic DMA services are critical to respond to clients changing needs. Teaming up with TORA will enable us to be nimble in offering institutional and professional clients an excellent stable platform, confidentiality and an institutional trading experience to access Japanese markets.”
TORA’s OEMS cloud based solution boasts one of the most secure, stable and fast networks in the industry with pioneering security protection. The OEMS has an easy configurable functionality and on-the-ground support for fund trading activities. The system is multi-asset, multi-region, and compliant with MIFID II, provides detailed reports & analytics and has a broker-neutral pairs application.
TORA is the leading global provider of advanced investment management technologies supporting the full trading lifecycle. With a full suite of cloud-based SaaS-delivered execution, analytics and compliance tools, as well as order, portfolio and risk management capabilities and a global FIX network, TORA’s products are utilized by hundreds of the industry’s leading hedge funds, asset managers, proprietary trading firms and sell-side trading desks globally. With headquarters in San Francisco, TORA has over 250 employees across offices in Hong Kong, Jersey, New York, Romania, Singapore, Sydney and Tokyo. More information is available at www.tora.com
About Mita Securities Co., Ltd
Mita Securities Co., Ltd provides a full-scale diversified investment banking and financial services. A comprehensive investment banking department, specializes in rights offerings advisory, take-over bids agents, M&A etc. Including a proprietary trading desk, and wealth management department that offers brokerage, custody, real estate, and full proxy services. https://mitasec.com/en/