Raptor™ is Fusion's ultra high-speed, high-capacity, uniform market access platform. Raptor provides market connectivity to Tokyo Stock Exchange (TSE), Osaka Stock Exchange (OSE), Nagoya Stock Exchange (NSE), ToSTNeT, JASDAQ,
TIFFE, and HKSE.

Low Latency, High Volume

Raptor's patent-pending low latency order processing technology adds less than 1ms of latency. While maintaining this low latency, Raptor is capable of processing over 10,000 orders per second.

Support All Features on TSE

Raptor comes with native support for ALL features on TSE market. Customer can exploit esoteric TSE features, such as:

• Deferred modification of short-sell code
• "Last Trade Limit" and "Priority Limit" order types

Raptor is also TSE Next Generation System Ready (2009).

Client Proximity Hosting

Raptor supports "Direct to TSE" DMA for client proximity hosting:

• Passive "wiretap" (no added latency) connection splitting
• Compliance and trade capture for STP and client connection monitoring and alerting

Full-Fidelity Exchange Simulator

Answering to the requests from many of our clients, Raptor now comes with a full-fidelity exchange simulator. Raptor's simulator includes market data and a full featured Limit Order Books, allowing clients to test their front office applications. Raptor's exchange simulator include advanced features for testing boundary cases such as fills before acknowledgement, in-flight fills, order revising race conditions, missing packets or sequence numbers.

Open Architecture and Easy Integration

Raptor leverages Fusion Enterprise Service Bus Architecture (FESBA), providing a unified API, allowing easy integration with your front and back-office systems.

FESBA is a SOA (Service Oriented Architecture) with an open modular "pluggable" architecture and well documented API. Clients can selectively replace or enhance particular features or modules; by themselves or jointly with Fusion.

Improved Stability

Clean, reliable, documented code means fewer surprises. Full market simulator combined with a comprehensive test suite allows thorough pre-production testing, reducing production outages. Fusion's execution methodology includes strict Change Management procedures, making updates transparent and traceable.

Improved Service Level

Raptor comes with ITIL-compliant product support and service delivery. Fusion Systems have years of experience servicing some of the world's largest trading floors.

Fusion's centralized and automated monitoring and alerting systems not only reduce cost, it also means we know about problems earlier.

Lower Total Cost of Ownership

By using Raptor, you no longer need to maintain entire market connectivity development team on permanent standby. Exchange connectivity is support and managed by Fusion Systems.

With Raptor, exchange connectivity maintenance is decoupled from the front office and customers' proprietary systems. Support is performed off-site at a lower cost. Fusion's centralized and automated monitoring and alerting systems not only reduce cost, it also means we know about problems earlier.

Design by Experts

Raptor is design by the same experts who developed FOX (Fusion Order eXecution System).  FOX was the previous marketing leading TSE trading systems. At peak, FOX handled over 50% of the TSE's trading volume in 1999. Currently 23% of the market uses FOX-derived systems. FOX is now a GL Trade product.

Raptor is completely re-designed from ground up, fully leveraging the latest technology advances in the past decade, as well as our deep business domain knowledge in the capital market industry. Raptor is design with the following goal in mind:

• Reduce TSE Market Connectivity Maintenance Costs
• Full support for TSE's "Next Generation" System (2009)
• Enable Direct Market Access (DMA) for Clients
• Enable High Frequency Algorithmic Trading
• Support "Proximity Hosting" Business Model
• Handle Elevated Transaction Volumes & Peak Rates
• Improve Reliability (Reduce Outages)
• "Best Execution" Metrics, Monitoring and Client Reporting
• Integrate with Front Office Trading Systems
• Integrate into a Service Oriented Architecture (SOA)

Raptor™ offers significantly improved performance, reliability, feature set and service levels.