FiNETIK – Asia and Latin America – Market News Network

Tokyo Stock Exchange, Inc. (“TSE”) is pleased to announce today the successful launch of “Tdex+ System”, a new trading platform for options contracts. Tdex+ System is the advanced electronic trading system based on LIFFE CONNECT®, which has been used by NYSE Liffe , the largest European derivatives exchange by trading value, and is highly rated for its performance and functionality by investors worldwide. With the introduction of Tdex+ System, order processing performance is dramatically improved to 6 milliseconds of order response* and about 20 thousand transactions per second. Functionality for strategy trades is enhanced as well.

In addition to this, TSE also introduced the Market Maker scheme for all listed options contracts today. Market makers started to quote bid and offer continuously for not only Options on JGB Futures, which have already high liquidity, but also Equity Options.

Atsushi Saito, President and CEO of Tokyo Stock Exchange Group, Inc. said “Today’s launch of Tdex+ System is the first step to further develop the TSE options market. The introduction of the Market Maker scheme provides investors the opportunity to trade Japanese options contracts in a highly transparent exchange market. I strongly believe that development of options market enhances the possibilities of alternative investments on Japanese financial markets, and greatly contributes to make Japanese markets more attractive. TSE will continue to make every effort to establish efficient and convenient markets for investors around the globe in the future.”

“NYSE Euronext is privileged to play an important role in the TSE’s Tdex+ System,” said Duncan L. Niederauer, CEO, NYSE Euronext.”Today’s launch of Tdex+ is the culmination of a year long endeavor involving both business and technology teams from NYSE Euronext working in partnership with the TSE.Technology provides the foundation for future business co-operation between our two organizations, and we are committed to doing our part to deliver significant benefit and value to the TSE and its customers.”

Source: Finextra, 05.10.2009