The new system is now integrated with Japan Exchange Group's derivative trading (J-GATE)
NEW YORK and TOKYO, Sept 22 (Bernama-GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq:NDAQ) and the Tokyo Commodity Exchange (TOCOM) today 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.
"We would like to express our gratitude and appreciation to our partner Nasdaq who has contributed to the successful integration of TOCOM’s new trading system on OSE’s J-GATE," said Takamichi Hamada, President and CEO of TOCOM. "Through the utilization of the world's most advanced functionality and the capacity of J-GATE, also powered by Nasdaq, the TOCOM market will be able to expand further and it will lead to strengthening the competitiveness of the Japanese commodity market."
NEW YORK and TOKYO, Sept 22 (Bernama-GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq:NDAQ) and the Tokyo Commodity Exchange (TOCOM) today 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.
"We would like to express our gratitude and appreciation to our partner Nasdaq who has contributed to the successful integration of TOCOM’s new trading system on OSE’s J-GATE," said Takamichi Hamada, President and CEO of TOCOM. "Through the utilization of the world's most advanced functionality and the capacity of J-GATE, also powered by Nasdaq, the TOCOM market will be able to expand further and it will lead to strengthening the competitiveness of the Japanese commodity market."
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