Japan Exchange in derivatives deal with Nasdaq
Japan Exchange Group is planning to introduce a new derivatives trading system for its derivatives-focused subsidiary the Osaka Exchange, using technology provided by Nasdaq.
Japan Exchange Group is planning to introduce a new derivatives trading system for its derivatives-focused subsidiary the Osaka Exchange, using technology provided by Nasdaq.
Japan Exchange Group has migrated the Osaka Securities Exchange cash equities market and integrated it into the Tokyo Stock Exchange, marking an important stage in the unification of the two exchanges.
Japan Exchange Group has set out plans to slash 8.5 billion Japanese yen (£60 million) from its annual operating costs by 2015 – representing 15% of the firm’s overall budget – as the exchange seeks to revitalise its equities and derivatives markets and take on its competitors.
As Asian markets continue to lure international investors, participants on Japan’s new Exchange will now be able to get market access and algorithmic trading tools from data and analytics company S&P Capital IQ, which has chosen to locate itself at KVH’s datacentre in Tokyo.
The creation of a new united bourse for Japan, called the Japan Exchange Group, has come one step closer with the final approval of Japan’s Financial Services Agency for the listing of JPX stock on the Tokyo bourse this week.