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.
The founder and CEO of Imperative Execution looks at how trade execution is changing and what that means for the buy side.Subscribe to Weekly Wrap emails
- Waters Rankings 2019: All the Winners
- Mizuho Finds New Ways to “Activate” its Data Using AI
- Barclays Nearly Finished with First Major Quantum Computing Experiment
- The AI Ethics Dilemma: Banks Find a Fine Line Between New Tech and 'What's Right'
- Wavelength Podcast Episode 166: Brian Lichtenberger on Alternative Data