TSE Reaches Out for Trading System Specs

EXCHANGE TECHNOLOGIES

TOKYO—Tokyo Stock Exchange (TSE) officials are reaching out to their customers to help the exchange define IT capabilities for a new transaction system, slated for launch in 2009.

The exchange selected 11 brokerage firms, which are exchange participants, to brainstorm for the creation of the TSE’s next generation trading system. The exchange expects the new trading platform to be designed by the beginning of 2007 with development and testing starting later next year and throughout 2008. The

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