OMX Has Been Selected By The Tokyo Commodity Exchange To Deliver New Exchange Systems

OMX has been chosen by the Tokyo Commodity Exchange (TOCOM) to deliver integrated trading and clearing systems for commodity derivatives. NTT DATA Corporation will act as systems integrator and operator.

OMX has been selected as the provider and implementer of TOCOM's new integrated trading and clearing systems. The exchange platform from OMX is based on an open architecture with Straight-Through-Processing (STP) capabilities. NTT DATA Corporation will act as integrator and operator of the new system, which is scheduled to be operational at TOCOM in Q1 2009.

TOCOM lists commodities futures and options contracts, including metals, oil and rubber. TOCOM's investment in new trading and clearing systems is part of its ongoing objective to build a high-end exchange platform that meets the growing needs of both domestic and international investors.

“We are excited about the many benefits that the new exchange systems from OMX will bring us. Through the new trading platform we will be able to offer faster, more efficient and broader trading services to our customers. Ultimately this platform will enable us to grow our exchange and thus improve our position in the global commodity marketplace,” said Mr. Nangaku, Chairman and CEO of TOCOM.

“This is our first customer in Japan, and we are honored to be selected as exchange technology provider to one of the largest and most influential commodity exchanges in the world. TOCOM is a transaction-heavy commodity exchange that is certain to profit from our systems that are tailored to meet the rapidly growing demands that they are facing today,” said Markus Gerdien, President Market Technology at OMX.

“NTT DATA is very pleased to have been selected as a vendor for TOCOM's new exchange systems together with OMX. I believe that the new exchange systems will enable the Japanese commodity market to come back as world top-class market once again. Through cooperation with OMX, NTT DATA, having 20 years of relationship with TOCOM and experience as a top Japanese system integrator, is willing to fulfill TOCOM's expectations,” said Mr. Yamashita, President & CEO, NTT DATA Corporation.