The Tokyo Stock Exchange plans to spend Y25.9 billion on its overall systems infrastructure over the next three years, as it bids to build its user base and attract liquidity in the face of increasing domestic and overseas competition.
The TSE has drawn up a three-year master plan which outlines a series of staged investments in derivatives, clearing and cash market trading infrastructure.
The IT investment is expected to be put into migration of futures trading to the Liffe Connect Tdex+ System in FY2011, and into core arrowhead and clearing platforms in FY2013.
Another key policy objective calls for a phased replacement of information systems, with the Exchange targetting a 20% reduction in IS costs by 2015.
The bourse, which has recently been downplaying the possibility of an agreement with the Osaka Stock Exchange, says it will continue to explore "all available options, including strategic alliance with overseas exchanges, in light of recent cross-border merger and acquisition trends".
TSE president Atsushi Saito earlier this week told Dow Jones that a planned IPO is not likely to take place this year. However, the Exchange's medium term plans call for the listing of its stock "at an early date".