Tocom live with NASDAC OMX trading system

Tokyo Commodity Exchange (Tocom) has gone live with a new trading system from Nasdaq OMX became its first Japanese customer. The launch, which took place today, was successful and received positive acknowledgement from TOCOM trading participants and the investing public.A contract between NASDAQ OMX and TOCOM, as technology provider for their New Generation System, with NTT Data serving as prime contractor and system integrator for the implementation, was signed in April, 2008. 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, said, "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 commented: “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."