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| Thursday, 30 May 2013, 11:00 HKT/SGT | |
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Source: MarketPrizm | |
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TOKYO, May 30, 2013 - (ACN Newswire) - MarketPrizm, a leading provider of market data and trading infrastructure services, today announced that it has begun providing market data and infrastructure solutions to multiple market participants in the new co-location facility of the Japan Exchange Group (JPX), formed by the merger of the Tokyo Stock Exchange Group (TSE) and the Osaka Stock Exchange (OSE) earlier this year.
Tanuja Randery, Chief Executive Officer of MarketPrizm, said: "'Abenomics' has pushed Japan equity and derivatives trading volumes to record levels and many trading firms, particularly mid-sized securities firms, brokerages and others, are rushing to connect to JPX and take advantage of increasing arbitrage opportunities. We can help them quickly and efficiently access the Japanese markets without needing to set up their own infrastructure or maintain a physical presence."
MarketPrizm's JPX co-location will provide sell and buy-side clients - both within and outside Japan - with a fully-managed, ultra-low latency solution that includes raw and normalised TSE/OSE data, market data of other major exchanges, as well as hardware and hosting services. All solutions are fully integrated and built-in, allowing clients to minimise cost and delivery time against traditional do-it-yourself scenarios.
Clients can also take advantage of cost effective mutualised services which can be tailored according to individual requirements, including unit-based JPX colocation for small starters and remote hands and bilingual support for non-resident trading firms.
"Providing global and Japanese firms with new means of access to the JPX will further boost the liquidity of the JPX market as well as broaden its investor pool," said Yasuhiro Yoshida, Executive Director of the Tokyo Stock Exchange, Inc.
Last year, MarketPrizm set up a mutualised co-location environment for clients at the TSE, OSE and other Proprietary Trading Systems in Japan, to provide clients with market access services including data, order routing, managed hosting and low latency networking within the TSE and OSE data centres.
About MarketPrizm
MarketPrizm brings together a compelling combination of industry, trading and technology expertise. MarketPrizm is dedicated to helping financial services firms better manage their infrastructure, trading and technology requirements. MarketPrizm offers a range of services which include raw and normalized market data delivered to clients on PrizmNet, the ultra fast and dedicated multi-venue connectivity infrastructure for the financial trading industry. MarketPrizm was acquired by Colt Group S.A. in May 2011. For more information, please visit www.marketprizm.com .
About Japan Exchange Group (JPX)
Japan Exchange Group, Inc., one of the leading exchange groups in the world, is a holding company established on January 1, 2013 as a result of the business combination between Tokyo Stock Exchange, the largest stock exchange in the Asia-Pacific region, and Osaka Securities Exchange, a major derivatives exchange. JPX listed its stock on TSE on January 4 of the same year. The combined stock markets of TSE and OSE reached approximately USD 4.5 trillion in market capitalization (JPY 440 trillion) as of the end of April 2013. The two exchanges also provide markets for major Japanese derivatives such as Nikkei 225 futures, TOPIX futures and JGB futures. For further information about JPX, please visit our website at
http://www.jpx.co.jp/en/index.html .
For further information contact:
Helen Toft
Mob +44 (0)7855301078
Helen.toft@colt.net
Henry Chow
College Hill
Tel: +852 3791 2289
Henry.chow@collegehill.com
Matthew Schultz
College Hill
Tel: +852 3791 2032
Matthew.schultz@collegehill.com
Topic: New Service
Source: MarketPrizm
Sectors: Exchanges
https://www.acnnewswire.com
From the Asia Corporate News Network
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