Tokyo Commodity Exchange (TOCOM) Goes Live on Nasdaq Trading Technology
(Thomson Reuters ONE) -
The new system is now integrated with Japan Exchange Group's derivative trading
(J-GATE)
NEW YORK and TOKYO, Sept. 22, 2016 (GLOBE NEWSWIRE) -- Nasdaq,
Inc. (Nasdaq:NDAQ) and the Tokyo Commodity Exchange (TOCOM) today announced the
successful go-live of TOCOM's new trading system, which is powered by Nasdaq's
Genium INET technology, as well as Nasdaq Pre-Trade Risk and SMARTS Market
Surveillance solutions. The new system is now fully integrated with the Osaka
Exchange's derivatives trading system (J-GATE), which also runs on the same
Nasdaq trading technology. This approach of a mutually-shared trading system
between two separate exchanges is one of first of its kind in the world. Nasdaq
and TOCOM have been technology partners since 2009.
"We would like to express our gratitude and appreciation to our partner Nasdaq
who has contributed to the successful integration of TOCOM's new trading system
on OSE's J-GATE," said Takamichi Hamada, President and CEO of TOCOM. "Through
the utilization of the world's most advanced functionality and the capacity of
J-GATE, also powered by Nasdaq, the TOCOM market will be able to expand further
and it will lead to strengthening the competitiveness of the Japanese
commodity market."
With this new trading engine, TOCOM will provide ultra-fast trading and market
information dissemination to its trading members, while also being a one-stop
trading environment for domestic and foreign exchanges via a new connectivity
service. Further, the trading technology now enables TOCOM to extend across
boundaries between commodities and financial products, creating significant
efficiency for TOCOM investors, and also those trading derivative products on
the Osaka Exchange (i.e. J-GATE), who now have access to the TOCOM marketplace.
"We are proud of this successful go-live of TOCOM's new trading system, which
brings new efficiencies and access to Japan's markets, while also lowering costs
across the board for the exchange's investor and trading community," said Ulf
Carlsson, Vice President and Head of North Asia and Japan, Nasdaq. "With this
launch, TOCOM and JPX have achieved an incredibly important milestone, where two
independent exchange operators are sharing the same trading platform, providing
a common access point into Japan's markets for traders across Japan, APAC and
around the world."
Nasdaq's exchange technology, including trading, clearing, CSD and market
surveillance systems, is in operation in over 100 marketplaces across the
Americas, Europe, Asia, Australia, Africa, the Middle East and the Caribbean.
About TOCOM
The Tokyo Commodity Exchange, Inc. (TOCOM) is Japan's largest commodity futures
exchange and one of the most prominent in Asia. Products include futures and
options on precious metals (gold, silver, platinum and palladium); energy (Dubai
crude oil, gasoline, kerosene and gas oil); and natural rubber and agricultural
products (soybeans, corn and azuki). TOCOM's gold market is the most liquid in
East Asia and the platinum market is most liquid in the world. TOCOM Rubber is
the established global benchmark.
All of TOCOM's products trade electronically, and with over 24 million contracts
trading hands in 2015, TOCOM trades 98.5% of Japan's commodity futures. Recent
market upgrades are meeting the needs of the global trading community and now
half of trading originates outside of Japan.
TOCOM originates with the Tokyo Textile Exchange, which was founded in 1951.
TOCOM itself was established in 1984 with the merger of the Tokyo Rubber
Exchange and the Tokyo Gold Exchange. In 2013, TOCOM launched the Agricultural
Products & Sugar market having taken over soft commodity contracts from the
Tokyo Grain Exchange.
http://www.tocom.or.jp
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 more than 3,700
listed companies with a market value of approximately $9.3 trillion and more
than 17,000 corporate clients. To learn more,
visit: nasdaq.com/ambition or business.nasdaq.com
NDAQG
For Media Inquiries:
Nasdaq:
Ryan Wells
ryan.wells(at)nasdaq.com
Direct: +44 (0) 20 3753 2231
Mobile: +44 (0) 7809 596 390
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nasdaq via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 22.09.2016 - 08:00 Uhr
Sprache: Deutsch
News-ID 496348
Anzahl Zeichen: 5635
contact information:
Town:
New York
Kategorie:
Business News
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