Tokyo Commodity Exchange Launches Trading System Powered by NASDAQ OMX Technology
Stockholm, Sweden, May 7, 2009 (GlobeNewswire via COMTEX News Network) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and Tokyo Commodity Exchange (TOCOM) reported today that TOCOM has gone live with a new trading system from NASDAQ OMX. TOCOM is NASDAQ OMX's first Japanese customer to operate a system based on its technology. The launch, which took place today, was successful and received positive acknowledgement from TOCOM trading participants and the investing public.
In April of 2008, NASDAQ OMX signed a contract with TOCOM as technology provider for their New Generation System, with NTT Data serving as prime contractor and system integrator for the implementation. TOCOM is Japan's largest commodity futures exchange with more than 80 percent market share. The market lists futures and options contracts for a wide range of commodities including metals, oil and rubber.
Masaaki Nangaku, President and CEO of TOCOM, celebrated the launch of the Exchange's new trading system and commented, "Today's launch signifies a new era for Japanese commodity trading and allows us to offer world-class trading functionality in line with international practices. With this new high-performance platform we are in a prime position to establish TOCOM as a leading derivatives exchange in Asia."
Lars Ottersgard, Head of NASDAQ OMX Market Technology said, "It is very satisfying to be a part of today's launch, which marks a milestone in Japanese exchange history. With its new high-end system, TOCOM can process millions of trades at millisecond speed, enabling them to reinforce their position as a world leader in the commodity exchange space. We look forward to continuing our partnership with TOCOM and NTT Data to support growth in the Japanese commodities markets."
Toru Yamashita, CEO of NTT Data, said, "We congratulate TOCOM on the successful launch of its New Generation System. NTT Data appreciates the cooperation with TOCOM and will continue to assist in the development of TOCOM and the Japanese exchange industry together with NASDAQ OMX."
About Tokyo Commodity Exchange (TOCOM)
Tokyo Commodity Exchange, Inc. (TOCOM) is Japan's largest commodity futures exchange with a trading volume of 41 million contracts, representing an 80% market share, in 2008, and one of the most prominent exchanges in Asia. Futures and Options contracts on a variety of industrial products are traded (i.e.: gold, silver, platinum and palladium in the precious metals market; crude oil, gasoline and kerosene in the oil market; aluminum and rubber). TOCOM was established in 1984 as a result of a merger between the Tokyo Textile Exchange, founded in 1951, the Tokyo Rubber Exchange and the Tokyo Gold Exchange. Tokyo Commodity Exchange was demutualized in December 2008.
About NTT Data
NTT Data is a leading a system integration company of Nippon Telegraph and Telephone (NTT) Group. Nippon Telegraph and Telephone Public Corporation, a predecessor of NTT, started Data Communications business in 1967. NTT, following its privatization in 1985, spun off the Data Communications division as NTT Data in 1988, which has now become the largest of the IT Services companies headquartered in Japan. NTT Data is a publicly traded company, with about 54 percent owned by NTT. Its business strengths are in: public (national and local governments), financial, and telecommunications sectors. www.nttdata.co.jp.
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 over 3,800 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 exchange-traded funds. 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 http://www.nasdaqomx.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ OMX's products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
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SOURCE: The NASDAQ OMX Group, Inc.
The NASDAQ OMX Group, Inc.
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