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Japan Exchange Group launches technology suite powered by Nasdaq

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Japan Exchange Group (JPX) has gone live with a new Nasdaq-powered trading system for its subsidiary, Osaka Exchange.

"We are proud to be supporting JPX as they successfully launch their new trading system on the Osaka Exchange," says Lars Ottersgård, executive vice president, market technology, Nasdaq. "As JPX continues to expand its business both regionally and globally, the technology they've implemented will provide the flexibility and performance capabilities, as well as the risk and surveillance solutions, to help the exchange group meet and exceed their growth plans."
The trading system is designed to provide the Osaka Exchange with higher performance, longer trading hours and more flexibility for new products, all of which JPX believes will contribute to its further business expansion.
In addition to the trading system, Osaka has also launched Nasdaq's real-time, cross-market market surveillance (SMARTS) and pre-trade risk management (TradeGuard) technologies. These new systems will help Osaka to bolster safety and market quality, while enhancing market integrity across their marketplace.
"We would like to express our gratitude and appreciation to all who have contributed to the successful launch of this new J-GATE platform," says Hiromi Yamaji, president and CEO, OSE. "Powered by Nasdaq's trading technology and innovative solutions such as SMARTS and TradeGuard, we will bring our customers the most deterministic trading platform with enhanced surveillance and risk management functions. We continue to make every effort to enhance reliability, usability and competitiveness of the OSE market."
Nasdaq's exchange technology, including trading, clearing, CSD and market surveillance systems, is in operation in over 100 marketplaces across the US, Europe, Asia, Australia, Africa and the Middle East.

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