Tokyo Stock Exchange launches options trading platform

Tokyo Stock Exchange launches options trading platform

Tokyo Stock Exchange has launched Tdex+ System, a trading platform for options contracts.

Tdex+ System is an electronic trading system based on Liffe Connect, which is used by NYSE Liffe.

It aims to improve order processing performance to six milliseconds of order response and about 20 thousand transactions per second.

In addition, TSE has also introduced the market maker scheme for all listed options contracts. Multiple market makers have started to quote, bid and offer continuously for options on JGB Futures and Topix options and equity options.

Atsushi Saito, president and chief executive of Tokyo Stock Exchange, says: “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,” says Duncan L. Niederauer, chief executive of 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 organisations, and we are committed to doing our part to deliver significant benefit and value to the TSE and its customers.”

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