The Osaka Securities Exchange (OSE), a Japanese securities and derivatives bourse, has chosen global exchange group Nasdaq OMX as the new provider of its derivatives trading platform.
Implementation of the new system is underway and is scheduled for launch in the first quarter of 2011.
“We are honoured to be selected as system provider to OSE, marking our second market technology customer in Japan,” said Lars Ottersgard, senior vice president, Nasdaq OMX Market Technology. “This is the result of a strong and close partnership with both OSE and [Japanese IT company] NTT Data. We are focused on delivering a cutting-edge trading system ready for launch in 2011.”
OSE is Japan’s largest derivatives exchange. In 2008 total trading volume of all derivative products hit 163,689,348 units, a 50.3 % increase on the previous year.