Japan Exchange Group (JPX) and Nasdaq have officially agreed on the development and support of a next-generation derivatives trading system for the JPX subsidiary, Osaka Exchange. In addition to the trading system, which will operate on Genium INET technology, Osaka will also tap industry-leading SMARTS Market Surveillance for its real-time market surveillance efforts, and TradeGuard for pre-trade risk management functionality, both Nasdaq technologies.

"We are proud and honored to have achieved this important milestone together with JPX and Osaka Exchange," said Lars Ottersgård, executive vice-president, market technology, Nasdaq. "As we have successfully provided services to Osaka since 2011, this new chapter in our relationship will be particularly focused on supporting the global impact of JPX's business expansion, improving flexibility and performance capabilities, while delivering greater transparency and fair market practices across their derivatives markets. We look forward to a very productive and fruitful future with JPX."

Nasdaq's exchange technology, including trading, clearing, CSD and market surveillance systems, is in operation in over 100 market places across US, Europe, Asia, Australia, Africa and Middle East. JPX is now the 42nd marketplace to take up SMARTS Market Surveillance technology.