OSAKA, Japan and NEW YORK, Feb. 14, 2011 (GLOBE NEWSWIRE) -- Osaka Securities Exchange Co., Ltd. (OSE) has successfully launched its new derivatives trading system, "J-GATE", compliant with international standards and equipped with new trading functions and the world's highest order processing capacity. The system is powered by NASDAQ OMX trading technology.
OSE decided in 2009 to adopt trading technology provided by NASDAQ OMX for its new trading platform for derivatives products, which has been developed with assistance from NTT Data Corporation as its System Integrator.
The launch of J-GATE delivers improved processing capabilities, such as reduced processing latency, and enables the introduction of market rules and functions employed by major overseas exchanges, which will further enhance the competitiveness of the OSE's market.
Michio Yoneda, President & CEO of OSE said, "We would like to express our gratitude and appreciation to all who have contributed to the successful launch of the J-GATE."
Through the utilization of the world's highest-level processing capabilities and the global standard trading functions of J-GATE, OSE continues to further enhance the competitiveness of its market, which we hope leads to strengthening competitiveness of the Japanese market."
Lars Ottersgard, Senior Vice President, NASDAQ OMX Market Technology, said, "It is a great pleasure and honor to serve as a system provider and business partner to OSE, the largest derivatives exchange in Japan. We congratulate OSE on today's successful launch, and are confident that this new trading platform will contribute to further strengthening their position, not only in Japan but also in the global market."
Toru Yamashita, President and CEO of NTT Data Corporation said, "NTT Data congratulates OSE on the successful launch of J-GATE and appreciates the guidance and cooperation from OSE and actors in the marketplace.
We will continue to devote our at most effort to assist OSE in further developing as 'a globally present comprehensive exchange as well as contributing to progress of Japanese economy and market'. "
About Osaka Securities Exchange
Osaka Securities Exchange Co., Ltd. (OSE) is the Japan's largest derivatives exchange. In 2010, total trading volume of all derivative contracts hit the record high of 196,350,279 units, up by 18.2% from the previous year.
OSE is the only listed exchange in Japan whose shares have been traded on its own market since April 2004.
For more information about OSE, please visit: www.ose.or.jp/e/
The Osaka Securities Exchange Co., Ltd. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8751
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with approximately 3,600 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and ETFs. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit www.nasdaqomx.com.
The NASDAQ OMX Group, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8752
About NTT Data Corporation
NTT Data is a Japan's leading company in IT service. NTT Data spun off from NTT on 1988, and since then, NTT Data, as customer's IT partner, continued to provide extensive system plan, development and operation from domestic social infrastructure system to global services. For more information about NTT Data, please visit http://www.nttdata.co.jp/en/index.html.
The NTT Data Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8753
CONTACT: OSE: Public Relations, Corporate Planning and Communication Tel: +81-(0)6-4706-0800 e-mail: firstname.lastname@example.org NASDAQ OMX public relations: Carl Norell, +46 8 405 6639 email@example.com