The Tokyo Stock Exchange Inc. tapped the technology division of NYSE Euronext (NYX) to build a new and faster futures trading platform, which is expected to begin handling trades in the fall of 2011.

The planned system will be built on existing stock options trading technology that the TSE has been using since October 2009, according to a release sent out Thursday.

"The Japanese futures trading market contains significant growth potential," said Atsushi Saito, chief executive of the Tokyo Stock Exchange, in a statement.

The move is the most recent in a series of efforts by the TSE to expand its derivatives capabilities, amid rising competition between Asian exchanges to capture investor's focus on the region.

In late June the TSE announced plans to introduce clearinghouse services for over-the-counter derivatives transactions, including credit default swaps, in April or June of 2011.

-By Jacob Bunge, Dow Jones Newswires; 312-750-4117; jacob.bunge@dowjones.com
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