Osaka Exchange Inc. on Tuesday unveiled its new trading technology, the latest bourse to speed up in the hope of luring new, superfast customers.
The revamp of the derivatives market's systems comes 5½ years after the last major makeover launched the J-Gate platform. The upgrade speeds up the amount of time it takes to process orders to about 100 microseconds from 2 milliseconds — a 20-fold improvement — and dramatically increases the number of orders that can be processed at any one time, according to the exchange.
Japan has been moving toward ever greater speed in its markets, with high-frequency traders expanding their share of trading. Exchanges across the world have been upgrading systems to woo the fastest participants. The Tokyo Stock Exchange is one of the world's fastest, with its last upgrade in September cutting order response time to less than half a millisecond.