Nasdaq to Support Next Generation Upgrades for Trading, Pre-Trade Risk Management and Market Surveillance of Osaka Exchange as Part of Core JPX Expansion Strategy
Japan Exchange Group (JPX) and Nasdaq have officially agreed on the development and support of a next-generation derivatives trading system for the JPX subsidiary, Osaka Exchange. In addition to the trading system, which will operate on Genium INET technology, Osaka will also tap industry-leading SMARTS Market Surveillance for its real-time market surveillance efforts, and TradeGuard for pre-trade risk management functionality, both Nasdaq technologies.
“We are proud and honored to have achieved this important milestone together with JPX and Osaka Exchange,” said Lars Ottersgård, Executive Vice President, Market Technology, Nasdaq. “As we have successfully provided services to Osaka since 2011, this new chapter in our relationship will be particularly focused on supporting the global impact of JPX’s business expansion, improving flexibility and performance capabilities, while delivering greater transparency and fair market practices across their derivatives markets. We look forward to a very productive and fruitful future with JPX.”
Nasdaq’s exchange technology, including trading, clearing, CSD and market surveillance systems, is in operation in over 100 marketplaces across USA, Europe, Asia, Australia, Africa and Middle East. JPX is now the 42nd marketplace to take up SMARTS Market Surveillance technology.
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither Nasdaq nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
