To provide greater convenience to TOCOM market participants, The Tokyo Commodity Exchange (hereinafter, “the Exchange”) will provide a co-location service, which will coincide with the launch of its next generation system (scheduled on May 7, 2009), that will enable a higher trading speed for members (hereinafter, “Trading Participants”), as well as domestic and foreign investors (including prop houses).
Since this co-location service will offer market participants, including Trading Participants, the ability to install their trading servers on-site with, or closer to, the exchange’s system, the transmission speed of trade-related information (i.e: orders, market data, etc.) will increase. In the past several years, major exchanges overseas (Eurex, ICE Futures, CME, Euronext.Liffe, Nasdaq OMX etc.) have already started to offer such service, and in Japan, the Osaka Securities Exchange and the Tokyo Stock Exchange are also planning to offer co-location services.
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