Nasdaq, Japan Exchange Agree To Milestone Market Technology Deal

(RTTNews) - North American stock exchange Nasdaq OMX Group Inc (NDAQ) and Japan Exchange Group on Sunday said they have officially agreed on the development and support of a next-generation derivatives trading system for the Japan Exchange subsidiary, Osaka Exchange.

In addition to the trading system, which will operate on Genium INET technology, Osaka will also tap industry-leading SMARTS Market Surveillance for its real-time market surveillance efforts, and TradeGuard for pre-trade risk management functionality, both Nasdaq technologies.

"We are proud and honored to have achieved this important milestone together with Japan Exchange and Osaka Exchange," said Lars Ottersgård, Executive Vice President, Market Technology, Nasdaq. "As we have successfully provided services to Osaka since 2011, this new chapter in our relationship will be particularly focused on supporting the global impact of Japan Exchange's business expansion, improving flexibility and performance capabilities, while delivering greater transparency and fair market practices across their derivatives markets.

Nasdaq's exchange technology, including trading, clearing, CSD and market surveillance systems, is in operation in over 100 marketplaces across USA, Europe, Asia, Australia, Africa and Middle East. Japan Exchange is now the 42nd marketplace to take up SMARTS Market Surveillance technology.