Asian exchange has picked tech partner and pledged to offer firm IDs
The Japan Exchange has made a double breakthrough by
selecting Nasdaq OMX to build its next generation derivatives
platform and moving ahead with its pledge to reform the
over-the-counter markets under G20.
The Japan Exchange, formed by the merger of the Tokyo and
Osaka exchanges last year, said it had chosen Nasdaq after an
open bidding process which started in February.
The decision is a major coup for Nasdaq but may not surprise
Nasdaq rivals as the US exchange group already supplies the
technology that underpins the Osaka Securities
Exchange’s J-Gate platform.
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