Osaka Exchange (OSE), the derivatives arm of the Japan Exchange Group, has selected Nasdaq’s advanced technology platforms to power its next-generation trading and surveillance infrastructure.
The partnership will see OSE adopting Nasdaq Eqlipse Trading and Market Surveillance solutions. The move is described as a critical step in OSE’s modernization journey, aiming to bolster the global competitiveness of Japan’s derivatives market.
Modernising the market stack
The upgrade replaces legacy systems with high-performance infrastructure designed to handle the complexities of modern trading.
Nasdaq Eqlipse Trading will provide OSE with ultra-low latency capabilities and multi-asset support, offering the agility needed to launch new products rapidly. The platform’s scalable architecture is engineered to manage volume fluctuations efficiently while providing market participants with robust risk management tools.
On the regulatory front, the integration of Nasdaq Market Surveillance will introduce AI-powered analytics to the exchange’s integrity framework. This technology is designed to detect and investigate potential market abuse more effectively, ensuring a safer trading environment.
Ryusuke Yokoyama, president & CEO of OSE, commented on the long-standing relationship between the two entities: “I am very pleased that we have selected Nasdaq as our development partner… The platform will significantly enhance the foundation of derivatives trading at OSE, and by combining Nasdaq’s expertise with our own experience, we believe we can provide all market stakeholders with a safer and more efficient trading environment.”
Deepening ties in Japan
This deal extends Nasdaq’s already significant footprint within Japan’s financial services ecosystem. The technology giant currently provides mission-critical solutions—including its Calypso, AxiomSL, and Trade Surveillance platforms—to many of Japan’s largest financial institutions.
Magnus Haglind, head of capital markets technology at Nasdaq, emphasized the forward-looking nature of the project: “The evolution of global capital markets demands infrastructure that can not only meet today’s requirements but anticipate tomorrow’s opportunities. OSE’s modernization program reflects their commitment to delivering world-class market infrastructure that enhances Japan’s position as a leading global derivatives market.”
The collaboration aims to future-proof OSE’s operations, ensuring the exchange can adapt to evolving market structures and changing investor expectations while maintaining operational excellence.
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