Bright, Quick, & Flexible

Transforming the Stock Market with New Technology – Authentic Indication

Trading in the stock market has become increasingly sophisticated and complex year by year. As a result, the technologies and communication infrastructure required to support it have also continued to evolve.
Authentic Indication is a technology company focused on addressing the challenges of block trading in response to these changing market conditions.
Like CIRCLE, which has eliminated the need for costly investments in equipment, software, hardware, and engineering for PBX systems and dealing turrets, Authentic Indication aims to rethink traditional trading practices and enable simpler, more rational trading workflows.

 

Challenges Before Implementation – Communication in Stock Trading Dependent on Trust

In traditional stock trading, brokerage firms and institutional investors have been required to search for block liquidity while handling potentially price-sensitive information with extreme care.
In particular, large block trades demanded secure communication with counterparties while minimizing the risk of front-running.
However, as competition intensified across the industry and margin compression led to restructuring and consolidation, communication models that relied heavily on interpersonal trust began to show their limitations.

Why CIRCLE Was Chosen – The Need for a Secure, Flexible, and Scalable Communication Platform
Given the nature of its business—handling encrypted and highly sensitive trading information—Authentic Indication required a communication platform that was secure, reliable, and capable of scaling flexibly as the business grew.
To meet these requirements, Authentic Indication selected the CIRCLE Cloud Telephony Platform as its core communication infrastructure.

Results – Secure and Flexible Communication with Counterparties Nationwide

By implementing CIRCLE, Authentic Indication has achieved the following benefits:

  • Stable voice communication with counterparties across Japan
  • A scalable environment that can grow in line with business expansion
  • High reliability and operational stability to support mission-critical trading activities

CIRCLE supports organizations ranging from 10 to 10,000 users and is designed to scale even further, making it a robust foundation for Authentic Indication’s continued growth.

CIRCLE Powering Authentic Indication’s Technology

Authentic Indication operates under the belief that investors should be able to search for block liquidity without disclosing price-sensitive information to anyone.
Based on this philosophy, the company provides technology that enables encrypted liquidity discovery and matches counterparties only when there is genuine, offsetting interest to transact.
As the communication backbone supporting this technology, CIRCLE continues to provide secure, flexible, and highly reliable connectivity, enabling Authentic Indication to deliver its services with confidence.

Customer Profile –



Authentic Indication is a technology company that provides solutions to visualize and verify the authenticity of digital data and information using AI technologies.
By preventing impersonation and data tampering, the company contributes to the realization of a trusted digital society.

Business Overview:
Authentic Indication provides brokers with a system that enables IOI (Indication of Interest) messaging for institutional investors via a cloud-based platform.

Website:
https://aboutus.authenticindication.com/