OSE Sees Integration of Nasdaq’s Derivatives Trading System

Tuesday, 19/07/2016 | 14:34 GMT by Jeff Patterson
  • The JPX has gone live with Nasdaq's trading systems technology.
OSE Sees Integration of Nasdaq’s Derivatives Trading System
Bloomberg

The Japan Exchange Group (JPX) has integrated Nasdaq’s next-generation derivatives trading system via the JPX subsidiary, Osaka Exchange (OSE) – the extension of the system represents the latest assimilation between the two groups, having worked together since 2011, per a JPX statement.

Nasdaq's technology is already common across some of the world’s leading exchange systems, which covers a variety of asset classes and operations including clearing, CSD and market surveillance. The new trading system will help provide the OSE with a number of benefits including performance yields, longer trading hours, and greater versatility for its product suite.

In tandem with the systems launch, the OSE has also launched Nasdaq's real-time, cross-market market surveillance (SMARTS) and pre-trade Risk Management technologies.

According to Hiromi Yamaji, President and CEO of OSE, in a recent statement on the trading system launch: "We would like to express our gratitude and appreciation to all who have contributed to the successful launch of this new J-GATE platform."

"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," he added.

Earlier today the Taiwan Stock Exchange (TWSE) and the JPX expanded their existing partnership to include the listing of new TOPIX futures and exchange-traded-funds (ETFs) tracking the TOPIX and Nikkei 225 indices on the OSE as well.

The Japan Exchange Group (JPX) has integrated Nasdaq’s next-generation derivatives trading system via the JPX subsidiary, Osaka Exchange (OSE) – the extension of the system represents the latest assimilation between the two groups, having worked together since 2011, per a JPX statement.

Nasdaq's technology is already common across some of the world’s leading exchange systems, which covers a variety of asset classes and operations including clearing, CSD and market surveillance. The new trading system will help provide the OSE with a number of benefits including performance yields, longer trading hours, and greater versatility for its product suite.

In tandem with the systems launch, the OSE has also launched Nasdaq's real-time, cross-market market surveillance (SMARTS) and pre-trade Risk Management technologies.

According to Hiromi Yamaji, President and CEO of OSE, in a recent statement on the trading system launch: "We would like to express our gratitude and appreciation to all who have contributed to the successful launch of this new J-GATE platform."

"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," he added.

Earlier today the Taiwan Stock Exchange (TWSE) and the JPX expanded their existing partnership to include the listing of new TOPIX futures and exchange-traded-funds (ETFs) tracking the TOPIX and Nikkei 225 indices on the OSE as well.

About the Author: Jeff Patterson
Jeff Patterson
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About the Author: Jeff Patterson
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