The Tokyo Stock Exchange (TSE) has successfully upgraded its cash equity trading system to arrowhead version 4.0, marking the fourth major advancement since 2010. This significant update enhances the speed, reliability, and efficiency of the exchange’s operations, and is seen as a major step in strengthening Japan’s financial markets.
Options Technology, a leader in capital markets infrastructure, congratulated the TSE on the successful deployment, noting the close partnership that has developed over years. The upgrade was preceded by thorough communications and extensive testing, which included a weekend of open testing for market participants to ensure smooth integration.
Danny Moore, President and CEO of Options Technology, expressed his satisfaction with the transition. “This latest deployment underscores the TSE’s commitment to optimizing trading speeds and reliability. The successful move to arrowhead version 4.0 is a testament to the strength of our partnership with the TSE, and we thank our clients for their active engagement and testing efforts, which ensured the upgrade’s success.”
The new arrowhead 4.0 system follows a series of updates aimed at enhancing the TSE’s cash equity trading operations. The introduction of version 4.0 has been designed to handle higher volumes and provide better latency and speed, which are critical for modern trading environments.
In a further move to enhance the market’s functionality, the TSE has also decided to extend its afternoon equity trading session by 30 minutes, a decision which has been welcomed by Options Technology. This adjustment aligns with the TSE’s efforts to remain at the forefront of global financial markets by catering to an increasingly dynamic and fast-paced trading landscape.
Options Technology’s support for the upgrade includes its advanced Atlas product suite, which offers real-time monitoring tools and predictive analytics. These tools allow clients to assess market risks and opportunities with greater precision, ensuring they can make more informed decisions in real-time.
Additionally, the AtlasFabric network, a low-latency platform used by Options Technology, carries global trading data, continuously evolving to meet the growing demands of modern finance. The network’s capabilities are crucial for high-speed, low-latency trading, and the company’s commitment to innovation in this space continues to drive improvements in global financial systems.
This latest milestone follows several key achievements for Options Technology, including the launch of the first-ever low-latency Bergamo tickerplant, the acquisition of Packets2Disk, and significant investment from Vitruvian Partners. The company also recently expanded its global presence with new offices in Sydney and Dubai, strengthening its role as a key player in the global financial infrastructure landscape.