TSE launches data sandbox for securities tech
Tokyo Stock Exchange (TSE) has launched a data sandbox programme to encourage start-ups to develop new services for the securities sector, reports Jane Connolly.
In recent years, TSE has offered first-time user companies promotional rates for certain real-time market information categories. These offers aim to encourage fintechs and other entities to consider distributing TSE’s information.
However, TSE is now calling for partners to join the data sandbox programme to help provide a cross-industry framework for start-ups to carry out research and development in this area.
Participants can sign up as data partners, who will provide securities data to start-ups that are members of an innovation partner organisation.
Innovation partners can be industry groups or incubation groups at universities, for example, which support start-ups and can introduce fledgling businesses to the programme.
Quick Corp and Finolab Inc have already signed up as a data partner and innovation partner respectively.
Under the terms of the programme, innovation partner-supported start-ups will be able to use data partners’ data free of charge or at discounted rates for a certain period of time, for the purpose of developing new services.