New York/Stockholm May 7, 2009 — 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 Ottersgård, 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.
www.tocom.or.jp
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 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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Media Contacts:
Carl Norell
+46 8 405 66 39
carl.norell@nasdaqomx.com
Bethany Sherman
+1 212 401 8714
bethany.sherman@nasdaqomx.com
Tokyo Commodity Exchange Launches Trading System Powered by NASDAQ OMX Technology
| Source: Nasdaq Nordic
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