NEW YORK and TOKYO, July 18, 2016
(GLOBE NEWSWIRE) -- Japan Exchange Group (JPX) and
Nasdaq have officially announced that JPX has gone live with
their new next-generation derivatives trading system for the JPX
subsidiary, Osaka Exchange. This is a milestone in the relationship
between Nasdaq and JPX, who have been working together since
2011.
"We are proud to be supporting JPX as
they successfully launch their new trading system on the Osaka
Exchange," said Lars Ottersgård, Executive Vice President,
Market Technology, Nasdaq. "As JPX continues to expand its business
both regionally and globally, the technology they've implemented
will provide the flexibility and performance capabilities, as well
as the risk and surveillance solutions, to help the exchange group
meet and exceed their growth plans."
The trading system, which is one of
the fastest, most proven and robust matching engines in the
world, will provide the Osaka Exchange with higher performance,
longer trading hours and more flexibility for new products, all of
which would contribute to its further business expansion. In
addition to the trading system, Osaka has also launched
Nasdaq's real-time, cross-market market surveillance (SMARTS) and
pre-trade risk management (TradeGuard) technologies. These new
systems will help Osaka to bolster safety and market quality, while
enhancing market integrity across their marketplace.
"We would like to express our
gratitude and appreciation to all who have contributed to the
successful launch of this new J-GATE platform," said Hiromi Yamaji,
President & CEO, OSE. "Powered by Nasdaq's trading technology
and innovative solutions such as SMARTS and TradeGuard, we will
bring our customers the most deterministic trading platform with
enhanced surveillance and risk management functions. We continue to
make every effort to enhance reliability, usability and
competitiveness of the OSE market."
Nasdaq's exchange technology,
including trading, clearing, CSD and market surveillance systems,
is in operation in over 100 marketplaces across the USA, Europe,
Asia, Australia, Africa and the Middle East.
About Japan Exchange Group (JPX)
Tokyo Stock Exchange Group,
Inc. ("TSE Group") and Osaka Securities Exchange Co.,
Ltd. ("OSE") agreed on November 22, 2011 to conduct
a business combination. Following such, inAugust 2012, TSE
Group acquired 66.67% of OSE's stock in a TOB as part of such
business combination, until finally merging on January 1,
2013 based on the business combination agreement
between TSE Group and OSE. On January 1 , 2013,
Japan Exchange Group, Inc. was established following the business
combination between Tokyo Stock Exchange Group,
Inc.and Osaka Securities Exchange Co., Ltd. Then in July
the same year, JPX integrated the cash equity markets
under Tokyo Stock Exchange, and also respectively consolidated
our self-regulatory and clearing functions. The integration of
derivatives markets under Osaka Securities Exchange scheduled
for March 2014 will complete the reorganization of our
market functions. JPX expect this to further increase convenience
for investors and other market participants.
About Nasdaq
Nasdaq (Nasdaq:NDAQ)
is a leading provider of trading, clearing, exchange technology,
listing, information and public company services across six
continents. Through its diverse portfolio of solutions, Nasdaq
enables customers to plan, optimize and execute their business
vision with confidence, using proven technologies that provide
transparency and insight for navigating today's global capital
markets. As the creator of the world's first electronic stock
market, its technology powers more than 70 marketplaces in 50
countries, and 1 in 10 of the world's securities transactions.
Nasdaq is home to 3,700 listed companies with a market value of
$9.3 trillion and over 17,000 corporate clients. To learn more,
visit nasdaq.com/ambition or business.nasdaq.com.
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