Tokyo Commodity Exchange (TOCOM) Goes Live on Nasdaq Trading Technology
September 22 2016 - 2:00AM
Nasdaq, Inc. (Nasdaq:NDAQ) and the Tokyo Commodity
Exchange (TOCOM) today announced the successful go-live of
TOCOM’s new trading system, which is powered by Nasdaq’s Genium
INET technology, as well as Nasdaq Pre-Trade Risk and SMARTS Market
Surveillance solutions. The new system is now fully integrated with
the Osaka Exchange’s derivatives trading system (J-GATE),
which also runs on the same Nasdaq trading technology. This
approach of a mutually-shared trading system between two separate
exchanges is one of first of its kind in the world. Nasdaq and
TOCOM have been technology partners since 2009.
“We would like to express our gratitude and appreciation to our
partner Nasdaq who has contributed to the
successful integration of TOCOM’s new trading system
on OSE’s J-GATE,” said Takamichi Hamada, President and
CEO of TOCOM. “Through the utilization of the world's most
advanced functionality and the capacity of J-GATE, also
powered by Nasdaq, the TOCOM market will be able to expand
further and it will lead to strengthening the competitiveness
of the Japanese commodity market.”
With this new trading engine, TOCOM will provide ultra-fast
trading and market information dissemination to its trading
members, while also being a one-stop trading environment for
domestic and foreign exchanges via a new connectivity service.
Further, the trading technology now enables TOCOM to extend across
boundaries between commodities and financial products, creating
significant efficiency for TOCOM investors, and also those trading
derivative products on the Osaka Exchange (i.e. J-GATE), who now
have access to the TOCOM marketplace.
“We are proud of this successful go-live of TOCOM’s new trading
system, which brings new efficiencies and access to Japan’s
markets, while also lowering costs across the board for the
exchange’s investor and trading community,” said Ulf Carlsson, Vice
President and Head of North Asia and Japan, Nasdaq. “With this
launch, TOCOM and JPX have achieved an incredibly important
milestone, where two independent exchange operators are sharing the
same trading platform, providing a common access point into Japan’s
markets for traders across Japan, APAC and around the world.”
Nasdaq’s exchange technology, including trading, clearing, CSD
and market surveillance systems, is in operation in over 100
marketplaces across the Americas, Europe, Asia, Australia, Africa,
the Middle East and the Caribbean.
About TOCOM
The Tokyo Commodity Exchange, Inc. (TOCOM) is Japan’s largest
commodity futures exchange and one of the most prominent in Asia.
Products include futures and options on precious metals (gold,
silver, platinum and palladium); energy (Dubai crude oil, gasoline,
kerosene and gas oil); and natural rubber and agricultural products
(soybeans, corn and azuki). TOCOM’s gold market is the most liquid
in East Asia and the platinum market is most liquid in the world.
TOCOM Rubber is the established global benchmark.
All of TOCOM’s products trade electronically, and with over 24
million contracts trading hands in 2015, TOCOM trades 98.5% of
Japan’s commodity futures. Recent market upgrades are meeting the
needs of the global trading community and now half of trading
originates outside of Japan.
TOCOM originates with the Tokyo Textile Exchange, which was
founded in 1951. TOCOM itself was established in 1984 with the
merger of the Tokyo Rubber Exchange and the Tokyo Gold Exchange. In
2013, TOCOM launched the Agricultural Products & Sugar market
having taken over soft commodity contracts from the Tokyo Grain
Exchange.http://www.tocom.or.jp
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing,
exchange technology, listing, information and public company
services across six continents. Through its diverse portfolio of
solutions, Nasdaq enables customers to plan, optimize and execute
their business vision with confidence, using proven technologies
that provide transparency and insight for navigating today's global
capital markets. As the creator of the world's first electronic
stock market, its technology powers more than 70 marketplaces in 50
countries, and 1 in 10 of the world's securities transactions.
Nasdaq is home to more than 3,700 listed companies with a market
value of approximately $9.3 trillion and more than 17,000 corporate
clients. To learn more,
visit: nasdaq.com/ambition or business.nasdaq.com
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For Media Inquiries:
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ryan.wells@nasdaq.com
Direct: +44 (0) 20 3753 2231
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