Tokyo Stock Exchange Selects NYSE Technologies to Build Futures Platform
16 Settembre 2010 - 4:56PM
Business Wire
NYSE Technologies, the commercial technology division of NYSE
Euronext (NYX), today announced that it has been selected by the
Tokyo Stock Exchange Inc. (TSE) to build and support a new futures
trading platform for the exchange. Based on the successful Tdex+
platform already trading options on the TSE since October 2009,
this futures trading engine will offer best-in-class latency.
Atsushi Saito, President and CEO of the Tokyo Stock Exchange
Group said, "The Japanese futures trading market contains
significant growth potential. We believe promoting this market will
bring forth a great investment opportunity for not only the
Japanese investor, but investors worldwide. We have chosen NYSE
Euronext as a valued partner in developing this market as its
technical and operational expertise in financial markets in Europe
and the U.S. is of indispensable value to us.”
“This agreement builds on our partnership with the TSE, and we
are very proud to be playing a role in this important initiative,”
said Dominique Cerutti, President & Deputy Chief Executive of
NYSE Euronext. “Together, we will provide a superior platform that
serves the interests of customers, addresses the increasing demands
for speed and capacity, and ensures that TSE is at the cutting edge
of innovation.”
As part of an ongoing relationship between TSE and NYSE
Technologies, the TSE, which has already launched the Tdex+
platform for options trading, will begin migrating futures products
to this low latency and high-performance platform Fall 2011. NYSE
Technologies is building this new Tdex+ based futures system
utilizing its LIFFE CONNECT platform with several customized
features. This new platform will provide the Asian futures market
with lower latency, improved liquidity via the introduction of
market making facilities, the introduction of Inter Commodity
Spreads and Closed Auction facilities.
About Tokyo Stock Exchange, Inc.
Tokyo Stock Exchange, Inc. is the premier exchange for Japanese
cash equities and derivative products from the perspective of
investors both in Japan and abroad. In 2008, TSE recorded an
average daily trading volume of 2,266 million shares, and daily
average trading value of JPY 2,352 billion. This has positioned TSE
as the central market of Japan . In addition to its core Japanese
equity market, TSE provides markets for derivatives products such
as long-term Japanese Government Bond (JGB) futures and TOPIX index
futures. JGB futures trading, the cornerstone of TSE's fixed income
derivatives market and the benchmark of the Japanese bond market,
continues to thrive on investor demand from across the globe. The
JGB futures contract is one of the most active long-term interest
rate futures contracts in the world, with its annual trading volume
in 2008 reaching 10,639 thousand contracts. The TOPIX futures
contract, with its underlying index used as Japanese economic
benchmark throughout the world, is the leading stock index futures
product in Japan, with the largest open interests among Japanese
stock index futures products. The annual trading volume of TOPIX
Futures in 2008 reached to 18,375 thousand contracts.
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial
markets and provider of innovative trading technologies. The
company's exchanges in Europe and the United States trade equities,
futures, options, fixed-income and exchange-traded products. With
approximately 8,000 listed issues (excluding European Structured
Products), NYSE Euronext's equities markets – the New York Stock
Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca –
represent one-third of the world's equities trading, the most
liquidity of any global exchange group. NYSE Euronext also operates
NYSE Liffe, one of the leading European derivatives businesses and
the world's second-largest derivatives business by value of
trading. The company offers comprehensive commercial technology,
connectivity and market data products and services through NYSE
Technologies. NYSE Euronext is in the S&P 500 index, and is the
only exchange operator in the S&P 100 index and Fortune 500.
For more information, please visit: http://www.nyx.com.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements,
including forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements include, but are not limited to,
statements concerning NYSE Euronext’s plans, objectives,
expectations and intentions and other statements that are not
historical or current facts. Forward-looking statements are based
on NYSE Euronext’s current expectations and involve risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied in such forward-looking statements.
Factors that could cause NYSE Euronext’s results to differ
materially from current expectations include, but are not limited
to: NYSE Euronext’s ability to implement its strategic initiatives,
economic, political and market conditions and fluctuations,
government and industry regulation, interest rate risk and U.S. and
global competition, and other factors detailed in NYSE Euronext’s
reference document for 2009 ("document de référence") filed with
the French Autorité des Marchés Financiers (Filed on April 22, 2010
under No. D.10-0304), 2009 Annual Report on Form 10-K and other
periodic reports filed with the U.S. Securities and Exchange
Commission or the French Autorité des Marchés Financiers. In
addition, these statements are based on a number of assumptions
that are subject to change. Accordingly, actual results may be
materially higher or lower than those projected. The inclusion of
such projections herein should not be regarded as a representation
by NYSE Euronext that the projections will prove to be correct.
This press release speaks only as of this date. NYSE Euronext
disclaims any duty to update the information herein.
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