Tokyo Commodity Exchange (TOCOM) Goes Live on Nasdaq Trading Technology
"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
Nasdaq's exchange technology, including trading, clearing, CSD and market
surveillance systems, is in operation in over 100 marketplaces across the
All of TOCOM's products trade electronically, and with over 24 million contracts trading hands in 2015, TOCOM trades 98.5% of
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
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
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Source: Nasdaq via Globenewswire
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