Orc Software (SSE: ORC), the leading global provider of technology for advanced trading and connectivity solutions, today announced a market gateway to the new trading platform of Tokyo Commodity Exchange.
Tokyo Commodity Exchange (TOCOM) is Japan's largest commodity futures exchange, handling 80% of all commodity futures transactions conducted in Japan in 2008. TOCOM was established as the successor institution of the Tokyo Textile Exchange, which was founded in 1951 and merged with the Tokyo Rubber Exchange and the Tokyo Gold Exchange in 1984. Orc's new gateway connects exchange members and clients to the TOCOM's next generation platform based on Nasdaq OMX technology.
"Our new market gateway to TOCOM highlights the importance of the Japanese market for Orc's expansion plans in the Asia Pacific region and provides our domestic Japanese and international customers with the capability to trade the market's listed commodity derivatives," said Greg Chambers, President, Orc Software, Asia Pacific. "The addition of TOCOM further extends the reach within APAC of our renowned Orc Trading and Orc Connect solutions and reflects Orc's global strategy of providing solutions for trading onto the world's leading execution venues."
"The successful deployment of our new trading platform, launched on May 7, is a key component in our plans to firmly establish ourselves as the primary commodity exchange in Asia," said Masaaki Nangaku, President & CEO, Tokyo Commodity Exchange. "We are very happy to work with world-class vendors like Orc who we see as being critical in facilitating the advanced trading of our members and their clients. Orc's TOCOM access clearly demonstrates Orc's commitment to our market and its competence in developing best-in-class electronic trading technology".