JPX and Nasdaq Deepen Ties
Nasdaq to develop derivatives trading system for Osaka Exchange
The two groups have agreed on the development and support of a next-generation derivatives trading system, which will run on Genium INET technology, into the Osaka Exchange in addition to Smarts Market Surveillance and TradeGuard for pre-trade risk management. The trading platform and market surveillance system are estimated to be up and running by mid-2016.
Nasdaq has provided services to the Osaka Exchange since 2011, according to Nasdaq executive vice president of market technology Lars Ottersgård.
"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," Ottersgård says.
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