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Tokyo Financial Exchange plans new interest rate futures contract platform

05 September 2012  |  2171 views  |  0 Source: Tokyo Financial Exchange

Tokyo Financial Exchange Inc. (TFX) announced today that it will introduce a new trading system for interest rate futures contracts, which will be developed by Fujitsu Limited, replacing the current Liffe Connect system.

The new trading system is scheduled to go live in February 2014.

In conjunction with the development of the new trading system, TFX will merge its data centers (incl.DR sites) and networks for "Interest Rate futures contracts", "Exchange FX Margin contracts (Click365)" and "Exchange Equity Index Margin contracts (Kabu365)" systems.

Features of the New System
1.Enhancing convenience of market participants
Employing widely used FIX protocol as a communication protocol for the new trading system

Selecting "arrownet" offered by Tokyo Stock Exchange Inc. as a network to access all the TFX listed products. As numbers of the trading members are already users of arrownet, it is expected to enhance convenience of the trading members.

The new system gives a greater flexibility for development to meet each trading member's needs and makes it possible to act on swiftly for future functionality and data management enhancements.

2.Safety improvement
Safety of the market participants will be further increased by a improved switching functionality that promptly moves over to a stand-by system from a primary system in event of a system trouble.

3.Cost reduction
Effectively reducing system cost both for the trading members and the exchange by implementing above measures. 

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