TORA Compass™ Trading Platform Provides the Buy-Side with Unparalleled Access to Asian Markets
Singapore – 24 November 2008 (BUSINESS WIRE) – Tora (www.stage.toratrading.tw), the leading electronic trading platform and liquidity provider for Asia, announced today it has been selected as “Best Asian Vendor of the Year” by Worldwide Business Research, the organizer of Trade Tech Asia 2008, the fifth Asian institutional equity trading summit. The selection committee was a distinguished panel comprised of industry practitioners and thought leaders which included Ned Phillips, the CEO of BlocSec, Neil Katkov, Group Head of Asia Research at Celent Japan, John Honeyman, Vice President Asian Equity – Senior ECS Sales at JP Morgan, Richard Coulstock, Head of Equity Dealing at Prudential Asset Management and John Lee, Editor at The Trade magazine.
“We are delighted to have been selected as Best Asian Vendor of the Year by Trade Tech Asia,” said Robert Dykes, CEO of Tora. “We are committed to maintaining TORA Compass as the best in class EMS/OMS platform for trading Asia and launching complementary liquidity and trading products which provide our clients with the competitive edge they need to prosper.”
During 2008, Tora made several significant contributions to the Asian trading community, including:
- Added dozens of new markets, products, and contracts to TORA Compass, including Mini TOPIX futures, TOPIX Core30 futures, Taiwan CB, Vietnam equities, Singapore warrants, Korean stock futures and options, Taiwan electronic index futures and Sensex index futures on USFE
- Expanded connectivity and trading functionality for electronic trading of swaps
- Established first-ever DMA connectivity from an EMS/OMS platform to the Bombay Stock Exchange and the National Stock Exchange of India
- Launched an additional data center in Hong Kong, providing increased capacity for growth in trading volumes, support for Tora’s industry leading throughput of 7 milliseconds and redundancy and active failover with our other data centers throughout Asia
- Opened new offices in Singapore and New York to service the needs of a growing client base
Tora (www.stage.toratrading.tw) is the recognized leader in electronic trading systems and access to liquidity focused on Asia. The TORA Compass trading platform is the most comprehensive multi-broker, multi-product trading platform with electronic access to more than 75 global and regional brokers, 24 markets in 14 countries and over 10 off-exchange liquidity venues as well as over 150 algorithmic trading strategies. TORA Compass offers a full suite of trade execution capabilities to trade equities, stock futures and options, index futures and options, warrants, convertible bonds, swaps and other synthetics, all on one platform. Over US$25 billion in transactions are processed each month through TORA Compass, including over 25% of all electronic trading on the Tokyo Stock Exchange. TORA Compass utilizes state-of-the-art infrastructure to provide low latency, 99.99% up time and high reliability across multiple markets. Tora Compass also includes extensive OMS functionality, including separable parent/child orders, real-time intraday P&L, staging capabilities and post-trade analytics. Tora’s independent algorithms and off-exchange liquidity products are used by buy-side firms to implement complex trading strategies, achieving fast execution and best price. TORA Compass is provided in an application service provider (ASP) model, and requires no IT infrastructure or staff at the client site. The platform integrates with a full complement of third-party and proprietary order management, portfolio management, risk, accounting and other back-office and compliance systems. Tora has over 100 employees dedicated to Asia, and maintains sales and support offices in Tokyo, Hong Kong, Singapore, New York and San Francisco. For more information, please visit www.stage.toratrading.tw.
Contact: Mark Belinsky
+1 650 520 9026
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