Japan Exchange Group (JPX), the business formed by the merger of the Tokyo Stock Exchange (TSE) and the Osaka Securities Exchange (OSX), has released its technology strategy and roadmap covering the two exchanges' integration and forward IT movement.
Broadly speaking, JPX plans three primary strategies from its upcoming tasks─creating synergies from integration, improving its infrastructural reliability and enhancing existing systems. By the end of 2014, it aims to complete the integration of systems such as cash trading, margin, clearing, and its derivatives trading platform. The development of a next-generation 'Arrowhead' system will continue into 2015, while preparations for a new derivatives sytem are also planned.
JPX also seeks to expand connectivity to its Arrownet service, while promoting co-location programs for its markets. A small section lists one aim as preventing the software glitches which have plagued the TSE over recent months.
Along with its IT strategy, JPX also released its medium-term management plan, restating its objective to become the largest Asian market and emphasizing its focus on initial public offerings (IPOs) in the region.
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails