Tokyo Commodity Exchange Goes Live on Nasdaq Trading Technology

With the new trading engine TOCOM will provide ultra-fast trading and market information dissemination to its members.

Nasdaq Inc. and the Tokyo Commodity Exchange (TOCOM) have announced the successful live launch of TOCOM’s new trading system, which is powered by Nasdaq’s Genium INET technology, together with Nasdaq Pre-Trade Risk and SMARTS Market Surveillance solutions.

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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 the first of its kind in the world. Nasdaq and TOCOM have been technology partners since 2009.

Takamichi Hamada, President and CEO of TOCOM, said: “Through the utilisation 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.”

With the 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.

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With this launch, TOCOM and JPX have achieved an incredibly important milestone.

Furthermore, 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.

Ulf Carlsson, Vice President and Head of North Asia and Japan, Nasdaq, said: “We are proud of this successful go-live of TOCOM’s new trading system, which brings new efficiencies and access to Japan’s markets, while also lowering costs across the board for the exchange’s investor and trading community”.

“With this launch, TOCOM and JPX have achieved an incredibly important milestone, where two independent exchange operators are sharing the same trading platform, providing a common access point into Japan’s markets for traders across Japan, APAC and around the world.”

Last week TOCOM made the headlines after announcing it had implemented a new trading and clearing system, culminating in the launch of a new platform accessible via the J-GATE and the JPX Clearing System to address network connectivity and data speed, as reported by Finance Magnates.

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