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Tokyo Stock Exchange Chooses NYSE Technologies to Build Futures Trading Platform

Futures platform will be based on Tdex+ trading platform for options, and futures products will be migrated to low latency platform in fall 2011.

The Tokyo Stock Exchange(TSE) selected NYSE Technologies to build and support a new futures trading platform for the exchange, according to yesterday's announcement.

In a statement, Atsushi Saito, president and CEO of the Tokyo Stock Exchange Group, commented, "The Japanese futures trading market contains significant growth potential. We believe promoting this market will bring forth a great investment opportunity for not only the Japanese investor, but investors worldwide."

The TSE also has an existing relationship with NYSE Technologies. The new futures trading platform will be based on Tdex+ platform already trading options on the TSE since October 2009. The TSE will begin migrating futures products to this low latency and high performance platform in the fall of 2011.

"We have chosen NYSE Euronext as a valued partner in developing this market as its technical and operational expertise in financial markets in Europe and the U.S. is of indispensable value to us,” stated the TSE's Saito.

“This agreement builds on our partnership with the TSE, and we are very proud to be playing a role in this important initiative,” said Dominique Cerutti, President & Deputy Chief Executive of NYSE Euronext, in the release. “Together, we will provide a superior platform that serves the interests of customers, addresses the increasing demands for speed and capacity, and ensures that TSE is at the cutting edge of innovation.”

NYSE Technologies is building the new Tdex+-based futures system utilizing its LIFFE CONNECT platform with several customized features. This new platform will provide the Asian futures market with lower latency, improved liquidity via the introduction of market making facilities, the introduction of Inter Commodity Spreads and Closed Auction facilities.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

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