The Tokyo Stock Exchange (TSE) is planning to introduce Tdex+, a new options trading system, in the first half of 2009.
Tdex+ is based on AEMS technology and the electronic trading system Liffe Connect, which is already operational in Japan and part of NYSE Euronext’s international derivatives subsidiary, Liffe.
In addition to operational and regulatory improvements, Tdex+ will also include a market maker component to populate buy and sell quotes across the options market. The exchange says this has been a popular mechanism in the European and US markets and will be introduced to the TSE with the intention of providing liquidity to the Japanese market.
“The Japanese options trading market contains significant growth potential,” said Atsushi Saito, president and CEO of the TSE Group, in statement. “We believe promoting this market will bring forth a great investment opportunity for not only the Japanese investor, but also investors worldwide.”
He added, “NYSE Euronext’s technical and operational expertise in various markets, such as the capital and derivatives markets within multiple localities in Europe and USA, is of indispensable value to us.”