MarketPrizm, a leading provider of market data and trading infrastructure services, today announced that it has begun providing market data and infrastructure solutions to multiple market participants in the new co-location facility of the Japan Exchange Group (JPX), formed by the merger of the Tokyo Stock Exchange Group 　(TSE) and the Osaka Stock Exchange (OSE) earlier this year.
Tanuja Randery, Chief Executive Officer of MarketPrizm, said: " 'Abenomics' has pushed Japan equity and derivatives trading volumes to record levels and many trading firms, particularly mid-sized securities firms, brokerages and others, are rushing to connect to JPX and take advantage of increasing arbitrage opportunities. We can help them quickly and efficiently access the Japanese markets without needing to set up their own infrastructure or maintain a physical presence."
MarketPrizm's JPX co-location will provide sell and buy-side clients - both within and outside Japan - with a fully-managed, ultra-low latency solution that includes raw and normalised TSE/OSE data, market data of other major exchanges, as well as hardware and hosting services. All solutions are fully integrated and built-in, allowing clients to minimise cost and delivery time against traditional do-it-yourself scenarios.
Clients can also take advantage of cost effective mutualised services which can be tailored according to individual requirements, including unit-based JPX colocation for small starters and remote hands and bilingual support for non-resident trading firms.
"Providing global and Japanese firms with new means of access to the JPX will further boost the liquidity of the JPX market as well as broaden its investor pool," said Yasuhiro Yoshida, Executive Director of the Tokyo Stock Exchange, Inc.
Last year, MarketPrizm set up a mutualised co-location environment for clients at the TSE, OSE and other Proprietary Trading Systems in Japan, to provide clients with market access services including data, order routing, managed hosting and low latency networking within the TSE and OSE data centres.