NASDAQ OMX TO SUPPLY TRADING AND CLEARING SYSTEM FOR TOKYO COMMODITY EXCHANGE

 

Posted April 17, 2008

 

STOCKHOLM – Nasdaq OMX Group Inc. will be providing an integrated trading and clearing system for commodity derivatives under a new contract with the Tokyo Commodity Exchange (TOCOM) and NTT Data, who will be Nasdaq OMX’s first technology customer in Japan.

 

“The successful collaboration between TOCOM, NTT Data and Nasdaq OMX in designing an agreement puts us on course for a successful launch,” says Markus Gerdien, Executive Vice President of Market Technology at Nasdaq OMX. “In order to provide optimal support, we have recently appointed a local General Manager with plans to further increase our presence in Japan, which remains an important marketplace for Nasdaq OMX.”

 

Nasdaq OMX plans to roll out the system in May 2009. TOCOM chose Nasdaq OMX as its technology provider, and NTT Data as its prime contractor and system integrator, in December 2007. The planned system is based on an open architecture with straight-through processing capability, enabling the whole trade process to be conducted electronically.

 

“The deployment of a world-class, high performance exchange system will enable us to offer more and better services to our customers, allowing TOCOM to grow and thrive in the global commodity marketplace,” says Yuichi Fukui, Executive Director, TOCOM Systems Division.

 

   
     

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