JPX subsidiary adopts Nasdaq matching engine
19 July 2016 Osaka, Japan
Image: Shutterstock
The Osaka Exchange (OSE) has gone live with Nasdaq’s next-generation derivatives trading system.
The new matching engine is intended to improve the exchange’s performance and to allow for more flexibility and longer trading hours, all of which will contribute to further business expansion.
Osaka, a wholly-owned subsidiary of the Japan Exchange Group (JPX), has also launched Nasdaq’s SMARTS technology for real-time, cross-market surveillance and its pre-trade risk management technology, TradeGuard, to help improve market safety and integrity.
JPX and Nasdaq have been working together since 2011.
Lars Ottersgård, executive vice president for market technology at Nasdaq, said: "As JPX continues to expand its business both regionally and globally, the technology they've implemented will provide the flexibility and performance capabilities, as well as the risk and surveillance solutions, to help the exchange group meet and exceed their growth plans."
Hiromi Yamaji, president and CEO of OSE, said: "Powered by Nasdaq's trading technology and innovative solutions such as SMARTS and TradeGuard, we will bring our customers the most deterministic trading platform with enhanced surveillance and risk management functions.”
“We continue to make every effort to enhance reliability, usability and competitiveness of the OSE market."
Nasdaq’s exchange technology is now in operation across 100 marketplaces around the world.
The new matching engine is intended to improve the exchange’s performance and to allow for more flexibility and longer trading hours, all of which will contribute to further business expansion.
Osaka, a wholly-owned subsidiary of the Japan Exchange Group (JPX), has also launched Nasdaq’s SMARTS technology for real-time, cross-market surveillance and its pre-trade risk management technology, TradeGuard, to help improve market safety and integrity.
JPX and Nasdaq have been working together since 2011.
Lars Ottersgård, executive vice president for market technology at Nasdaq, said: "As JPX continues to expand its business both regionally and globally, the technology they've implemented will provide the flexibility and performance capabilities, as well as the risk and surveillance solutions, to help the exchange group meet and exceed their growth plans."
Hiromi Yamaji, president and CEO of OSE, said: "Powered by Nasdaq's trading technology and innovative solutions such as SMARTS and TradeGuard, we will bring our customers the most deterministic trading platform with enhanced surveillance and risk management functions.”
“We continue to make every effort to enhance reliability, usability and competitiveness of the OSE market."
Nasdaq’s exchange technology is now in operation across 100 marketplaces around the world.
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