AlgoTrader's Index Futures Solution Deployed by Phillip Securities Japan

Ricardo Esteves

Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.

AlgoTrader’s Index Futures Solution Deployed by Phillip Securities Japan

June 14, 2019

Phillip Securities Japan

AlgoTrader, an institutional-grade and award-winning algorithmic trading solution for trading index futures, has been deployed by Tokyo-based broker Phillip Securities Japan in order to meet their desire for custom execution algos for Japanese futures trading on the JPX.


AlgoTrader’s infrastructure executes automatic trading strategies in forex, options, and stocks. Last year, the firm hired Richard Chmiel as Chief Operating Officer (COO) to lead the global sales and business development activities.

The robust electronic-trading infrastructure for trading index futures has recently launched a futures dark pool. The platform will provide Phillip Securities’ institutional clients with better execution prices and minimal slippage and market impact. The software caters to the specific requirements of Phillip Securities in order to produce high quality, execution of Japanese futures using execution algorithms for institutional clients.

Phillip Securities Japan, which is a member of the TSE, OSE, and TOCOM, will be able to manage their customer order flow more easily and conveniently to exploit existing inefficiencies in the market through disciplined, rules-based automated trading.

Serdar Armutcu, Head of Electronic Trading of Phillip Securities, commented:“In today’s world, it is increasingly important to invest in technology and people to better serve customer’s needs. Being a niche broker, we have to focus on being where others aren’t and one step ahead. We are happy about the successful go-live and implementation of our own custom execution algos for the popular Index futures products on the JPX. The algos are integrated with our newly launched dark pool, offering price improvement with reduced tick sizes. It follows our consistent approach to provide our clients with a flexible system to better serve our client’s needs. The advantage is of great benefit for our clients: straight-through processing and better execution quality.”

Richard Chmiel, CRO of AlgoTrader AG, said:

“AlgoTrader AG is pleased to support Phillip Securities with our institutional-grade algorithmic trading software. We see increasing demand in the market for custom execution algos and both Phillip Securities and its clients will benefit from this critical functionality:”

In 2018, AlgoTrader raised CHF 1.4 million in a late seed round to fund the startup’s international expansion. The Swiss-based startup founded five years ago built one of the most powerful automated quantitative trading platforms within the trading industry and is now presenting the product to the world. The funding round was led by NeueCapital Partners, new angel investors and a long-term client of AlgoTrader’s.
Earlier this year, the company partnered with Sanostro, a platform for trading signal intelligence sourced from leading systematic managers, to deliver enhanced trading signals to quantitative trading firms. The partnership will provide their mutual clients with market signals directly into their trading engines and risk models.

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