Japanese bank Higo upgrades electronic trading with TORA

Rick Steves

The system offers access to over 500 of the latest multi-asset broker algos, a powerful alerts engine and order monitoring tool in one easy to use interface that delivers cost savings.

Higo Bank has selected order and execution management system TORA to upgrade its electronic trading operations.

The reasoning behind the decision included TORA’s key features such as a sophisticated Japanese GUI, advanced trade management and position monitoring tools with a strong compliance engine that is set up for Japanese market regulation requirements.

TORA’s system allows Higo users to better monitor their trading activities, capture the entire trading history of each stock on a real-time basis and compare current positions, while at the same time automating the bank’s trading policy and processes.

Trading platform specialized in the Japanese market

Atsushi Kouda at Higo Bank commented “We chose TORA because we need a cutting edge trading platform specializing in the Japanese market. Additionally, the hosted environment infrastructure allowed us to control our costs but still integrate with our internal systems.”

Takanori Takase, Representative Director for Japan at TORA, stated: “We are delighted that Higo Bank has picked TORA’s OEMS to enable them to access the latest trading technologies. Our product and implementation teams have worked closely with Higo to ensure their integration and compliance needs are met. Our native Japanese support team ensures that we can fully support the bank in their needs. We are looking forward to a long relationship with Higo.”

TORA’s EMS offers the most comprehensive front-to-back end trading solution for hedge funds and asset managers. The leading technology is fully auditable and automatically details in depth order records, price information, analytics and creates best execution reports. It covers global markets in equities, fixed income, futures, options and FX.

TORA’s hosted environment platform is able to reduce Higo’s initial IT cost overhead and the system integrates execution data flows with their existing middle and back office workflow and performs all the necessary regulatory functions.

Leveraging TORA’s system, Higo traders will now have access to a broad network of domestic and foreign brokers and venues via TORA proprietary FIX network.

The system offers access to over 500 of the latest multi-asset broker algos, a powerful alerts engine and order monitoring tool in one easy to use interface that delivers cost savings.

LSEG has recently agreed to acquire TORA as the firm supports multiple asset classes across global markets with a number of solutions including an order and execution management system (OEMS) and portfolio management system (PMS) for customers trading equities, fixed income, FX, derivatives and digital assets.

LSEG has agreed to pay $325 million for TORA, which be part of LSEG’s Data & Analytics division following completion of the transaction. The deal is expected to close in the second half of 2022, subject to regulatory approvals.

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