NYSE Euronext’s commercial technology division, NYSE Technologies, has opened its latest Liquidity Centre in Tokyo, adding the Japanese market to its global network.
Announced in August, the centre aims to provide customers with an easy way to access the fast-growing Asian markets with speed, reliability and minimal infrastructure costs.
Tokyo has seen a number of technological developments over the past year, including a host of new low-latency connections to the region, and the market is drawing a growing number of global trading firms.
Last week, the Tokyo Stock Exchange (TSE) forged a connection between its arrownet connectivity network and NYSE Euronext’s Secure Financial Transaction Infrastructure (SFTI), letting members of the two bourses benefit from cross access arrangements. The result of these developments has been increased trading activity in the Japanese markets. In September, NYSE Technologies also acquired Japan-based Metabit, provider of low-latency DMA trading solutions and exchange connectivity.
The new centre joins existing NYSE Technologies’ facilities in the US and London with additional centres launching in Toronto and Brazil in early 2012.
The Liquidity Centre network provides seamless access to key markets and market information in Asia, including the TSE’s new Tdex+ system. Linked to market data ticker plant and distribution system SuperFeed and the 1,200-strong FIX-based trading community Marketplace, the centres offer trading, data and connectivity applications letting traders quickly and easily enter key global markets that may have been prohibitively difficult or expensive to access in the past.
NYSE Technologies claims the combined infrastructure and use of its Liquidity Centres provides firms with decreased time to market of only a few weeks to begin trading.
“In working with our customers to identify their primary trading needs and opportunities, we found Tokyo and the surrounding Asian markets were a very high priority,” said Stanley Young, CEO, NYSE Technologies. “Our Tokyo Liquidity Centre addresses those needs with a powerful blend of proven, familiar NYSE Technologies services with seamless connections to all major Tokyo markets. With little to no hardware investment or complicated maintenance, we can have customers connected in just a few weeks as compared to the challenging expense and arduous process of designing, building and maintaining a similar infrastructure themselves.”