Tokyo Commodities Exchange Extends Contract with NASDAQ OMX

The NASDAQ OMX Group has announced that the Tokyo Commodities Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (TOCOM) and system integrator NTT Data have extended their contract with NASDAQ OMX to 2019. Under the contract NASDAQ OMX will continue to operate and support TOCOM's integrated trading and clearing platform for commodity derivatives. In addition TOCOM has upgraded its Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term for improved latency performance. TOCOM rolled out its NASDAQ OMX powered platform in 2009.

Mr. Tadashi Ezaki, TOCOM President & CEO, said: "Our collaboration with NASDAQ OMX has been highly rewarding for TOCOM and market participants alike and through this extension we are moving our partnership to the next level. NASDAQ OMX consistently provides outstanding support and system performance and the latest latency upgrade makes TOCOM one of few commodities exchanges in the world with millisecond latency."

Mr. Lars Ottersgard, Senior Vice President NASDAQ OMX Market Technology, commented: "This contract extension is a testament of the successful and fruitful partnership between TOCOM, NTT Data and NASDAQ OMX. Japan continues to be a key market for NASDAQ OMX and TOCOM's commitment to our technology reinforces our market position."

TOCOM Gold Futures contract is trading at YEN 3,974.

In addition to TOCOM, NASDAQ OMX today supplies technology to the Osaka Securities Exchange and SBI Japannext in the Japanese market.

NASDAQ OMX partnered with IKON Markets to introduce a gold contract.