Colt has become a market data provider for the Tokyo Commodity Exchange (TOCOM), with the service set to launch alongside the scheduled migration of TOCOM’s derivatives trading to the J-GATE trading system operated by Japan Exchange Group.
Firms with trading infrastructure will be able to access ultra-low-latency TOCOM ITCH market data in raw format for all TOCOM products, including its key gold, rubber and oil contracts.
They can also take advantage of a full range of connectivity and colocation services provided by Colt, including the Colt PrizmNet financial extranet, ultra-low-latency network services, and MarketPrizm Premium Colocation.
The migration of TOCOM trading to the J-GATE trading system will make it easier for local and international traders to trade Japanese commodities products – which are becoming increasingly popular with investors – at lower latencies.
Overall trading volumes for TOCOM-listed futures contracts were up 11.4 per cent in July 2016, compared to a year earlier.
TOCOM contracts are expected to start trading on the J-GATE engine – which supports low latency matching, which can support matching speeds of low-latency – on 20 September 2016.
“Colt’s ultra-low-latency market data solutions are ideal for market participants utilising latency-sensitive trading strategies, wherever they are based around the world,” says Richard Man, head of solution sales, capital markets for Colt in Asia Pacific. “Traders can also explore potential trading opportunities by taking advantage of our 50+ market data feeds from exchanges around the world, as well as direct market access services at 50+ cross asset class venues and exchange colocation capabilities at 25+ venues globally.
“Customers can also take advantage of our full range of services that make arbitrage strategies between TOCOM and CME more manageable, including colocation, market data and ultra-low-latency connectivity between Japanese colocation venues and the 350 East Cermak and CME Aurora data centres in Illinois.”
TOCOM executive officer Mitsuhiro Onozato says: “TOCOM is taking measures to encourage a variety of players in the financial and securities industries to participate in our market. Through the joint use of the JPX system, we will have a one-stop environment that allows for high-speed trading and market data services leveraging connectivity with exchanges inside and outside of Japan. With this environment, the new market data service provided by Colt will give provide greater convenience to TOCOM participants, something we are very grateful for and expect will lead to a significant increase in TOCOM’s trading liquidity.”
The TOCOM data feeds further enrich Colt’s MarketPrizm Market Data service, which is part of Colt’s capital markets offering and includes high-speed data feeds for equities, derivatives, commodities, and FX from more than 50 exchanges and liquidity venues worldwide.