Japan Exchange Group Inviting Bids To Build Its New Derivatives System
Fremont, CA: Japan Exchange Group, that was formed last January with the merger of Tokyo Stock Exchange and Osaka Securities Exchange, is inviting bids from technology vendors to help build its new derivatives trading system. The application process, for the vendors, is open till February 18 to help the newly merged group build a highly competitive and favorable system for the derivatives market by 2016.
The new group is working on assimilating its systems, and already has the cash equity markets wired to the TSE’s Fujitsu-based arrowhead platform while its derivatives markets are expected to move on to the OSE’s Nasdaq OMX-powered J-Gate in March this year.
Japan Exchange Group has determined that the key to increase its presence in the derivatives markets and to become the most preferred exchange in Asia, is a new trading system.
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