The Japan Exchange Group (JPX) has chosen Swedish tech vendor Cinnober to provide real-time clearing solutions for its listed derivatives market.
Cinnober will upgrade the clearing technology for futures and options contracts traded on the Osaka Securities Exchange (OSE), marking the latest win for the Stockholm-based firm in the Asia-Pacific region.
“We are proud to work with Cinnober as our partner to deliver our next generation clearing system, in which we are making a major strategic investment following a detailed analysis and selection process,” said Hiroyuki Shibuya, chief investment officer of JPX.
The clearing solution from Cinnober will also enable JPX’s clearing house, the Japan Securities Clearing Corporation (JSCC), to monitor and manage risk in real time.
Cinnober also recently won deals to supply clearing technology to the Johannesburg Stock Exchange, and to upgrade the derivatives trading and post-trade operations of the Australian Securities Exchange (ASX).