Thursday September 22 2016
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
On 22nd September 2016, Nasdaq and the Tokyo Commodity Exchange (TOCOM) 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.
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.
Click on the link above for further details.