Tokyo Commodities Exchange extends Nasdaq OMX tech contract

Source: Nasdaq OMX

The Nasdaq OMX Group, Inc (Nasdaq:NDAQ) announces that the Tokyo Commodities Exchange (Tocom) and system integrator NTT Data have extended their contract with Nasdaq OMX to 2019.

Under the contract NASDAQ OMX will continue to operate and support TOCOM's integrated trading and clearing platform for commodity derivatives. In addition TOCOM has upgraded its trading platform for improved latency performance. TOCOM rolled out its NASDAQ OMX powered platform in 2009.

Mr. Tadashi Ezaki, TOCOM President & CEO, said: "Our collaboration with NASDAQ OMX has been highly rewarding for TOCOM and market participants alike and through this extension we are moving our partnership to the next level. NASDAQ OMX consistently provides outstanding support and system performance and the latest latency upgrade makes TOCOM one of few commodities exchanges in the world with millisecond latency."

Mr. Lars Ottersgard, Senior Vice President NASDAQ OMX Market Technology, commented: "This contract extension is a testament of the successful and fruitful partnership between TOCOM, NTT Data and NASDAQ OMX. Japan continues to be a key market for NASDAQ OMX and TOCOM's commitment to our technology reinforces our market position."

In addition to TOCOM, NASDAQ OMX today supplies technology to the Osaka Securities Exchange and SBI Japannext in the Japanese market. 

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