Japan Exchange Group (JPX) Launches Next Generation Technology Suite Powered by Nasdaq
July 18 2016 - 9:00PM
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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