Sumitomo Capital Will Use FSJ's FOX To Route Orders To Tokyo Exchange
AFTER THE TRADE
TOKYO--Sumitomo Capital Securities, the Tokyo-based subsidiary of Sumitomo Bank, has licensed FSJ's Fusion Order Execution (FOX) software for routing bond futures and options orders to the Tokyo Stock Exchange (TSE). Sumitomo Capital Securities plans to deploy the FOX routing service in September.
The securities house also plans to develop a new fixed-income trading system, using the underlying database of the FOX system, as well as open a new trading floor in November, says Yoshinori Yamanaka
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