Japan Exchange Group is calling on technology vendors to apply for the right to build it a new derivatives trading system.
Since its formation last January through the merger of the Tokyo Stock Exchange and Osaka Securities Exchange, the new group has been working to integrate its systems.
Cash equity markets have already been hooked up to TSE's Fujitsu-based arrowhead platform, and the derivatives markets are scheduled to move onto OSE's Nasdaq OMX-powered J-Gate in March.
However, the exchange has identified a new trading system as a key tool in its bid to increase its presence in the derivatives market and become the "most preferred exchange in the Asian region".
Vendors have until 18 February to apply for the job of building a "highly convenient and globally competitive system which will serve the derivatives market for the medium-to-long term" by 2016.