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Tokyo Stock Exchange, Inc. (TSE) held an open competition in order to select a developer for its next-generation trading system which will become the foundation of the public securities market, the selection process of which began in August. As a result of the final selection of the competition, the TSE has named FUJITSU LIMITED (FUJITSU) as the developer for its next-generation trading system.
The TSE will work to meet the needs of investors and trading participants in various ways such as accelerating order acceptance and execution processes, and managing smaller-scale orders and an increased number of executions. Under these circumstances, our development aims at constructing a next-generation trading system with functions at the world's highest level in terms of speed, reliability, and scalability. The TSE believes that the construction of a next-generation trading system will help make its market more reliable and convenient for market users, particularly investors and trading participants.
The TSE has been preparing to develop its next-generation trading system since March of this year. From now on, the FUJITSU and the TSE, with the cooperation of trading participants, will work as one by promptly launching a design process in an effort to have the system in operation during the latter half of 2009.
