Japan Exchange in derivatives deal with Nasdaq
The Japan Exchange Group is planning to introduce a new derivatives trading system for its derivatives-focused subsidiary the Osaka Exchange, using technology provided by Nasdaq.
In addition to the trading system, which will operate on Genium INET technology, Osaka will also use SMARTS Market Surveillance for real-time market surveillance, and TradeGuard for pre-trade risk management functionality, both Nasdaq technologies.
“We are proud and honored to have achieved this important milestone together with JPX and Osaka Exchange,” said Lars Ottersgård, EVP, market technology, Nasdaq. “As we have successfully provided services to Osaka since 2011, this new chapter in our relationship will be particularly focused on supporting the global impact of JPX’s business expansion, improving flexibility and performance capabilities, while delivering greater transparency and fair market practices across their derivatives markets. We look forward to a very productive and fruitful future with JPX.”
Nasdaq’s exchange technology, including trading, clearing, CSD and market surveillance systems, is in operation in over 100 marketplaces across USA, Europe, Asia, Australia, Africa and Middle East. JPX is now the 42nd marketplace to take up SMARTS Market Surveillance technology.
The Osaka Exchange is part of the Japan Exchange Group, which was created in January 2013 from the merger of the Tokyo Stock Exchange and the derivatives-focused Osaka Securities Exchange.