Osaka Securities Exchange (OSE) has successfully launched its new derivatives trading system, "J-Gate", compliant with international standards and equipped with new trading functions and the world's highest order processing capacity. The system is powered by Nasdaq OMX trading technology.
OSE decided in 2009 to adopt trading technology provided by NASDAQ OMX for its new trading platform for derivatives products, which has been developed with assistance from NTT Data Corporation as its System Integrator.
The launch of J-GATE delivers improved processing capabilities, such as reduced processing latency, and enables the introduction of market rules and functions employed by major overseas exchanges, which will further enhance the competitiveness of the OSE's market.
Michio Yoneda, President & CEO of OSE said, "We would like to express our gratitude and appreciation to all who have contributed to the successful launch of the J-GATE."
Through the utilization of the world's highest-level processing capabilities and the global standard trading functions of J-GATE, OSE continues to further enhance the competitiveness of its market, which we hope leads to strengthening competitiveness of the Japanese market."
Lars Ottersgard, Senior Vice President, NASDAQ OMX Market Technology, said, "It is a great pleasure and honor to serve as a system provider and business partner to OSE, the largest derivatives exchange in Japan. We congratulate OSE on today's successful launch, and are confident that this new trading platform will contribute to further strengthening their position, not only in Japan but also in the global market."
Toru Yamashita, President and CEO of NTT Data Corporation said, "NTT Data congratulates OSE on the successful launch of J-GATE and appreciates the guidance and cooperation from OSE and actors in the marketplace.
We will continue to devote our at most effort to assist OSE in further developing as 'a globally present comprehensive exchange as well as contributing to progress of Japanese economy and market. '"