Tata Consultancy Services (TCS) today announced that it has implemented a Automated Trading System for Daiwa Securities SMBC (Daiwa) for the APAC region including in Tokyo, Hong Kong and Singapore.

The new system will enable Daiwa to reduce cycle time and at the same time increase trading volumes.

The project was executed by a team of 100 engineers over a year’s time period.

“Economic growth, particularly in Asia, has seen the expansion and globalization of stock markets accelerate phenomenally,” said Mr. Koji Murasato, General Manager of the Information Technology Department, Daiwa Securities SMBC. “In adopting TCS’ trading system for key markets such as Tokyo, Hong Kong and Singapore, we placed a strong focus on the system’s scalability. We believe introduction of the new automated trading system will allow us to not only comfortably handle continually expanding trading volumes, but also allow us to offer customers the benefits of complex trading strategies. Another key benefit we see is the significant reduction in development costs, achieved through simultaneous deployment across multiple markets.”

“TCS has over 20 years experience in providing innovative, high value-added solutions to the Japanese market,” said Masahiko Kaji, President, TCS Japan. “This new partnership with Daiwa Securities SMBC is recognition of TCS’ world-class capabilities and ability to provide global best practices, customized to Japanese customer needs, to achieve winning results.”