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Osaka Securities Exchange Opts NASDAQ OMX As Technology Provider

Implementation of the new system is underway and scheduled for launch in the first quarter of 2011

The NASDAQ OMX Group, an exchange company, has been selected as exchange technology provider to the Osaka Securities Exchange (OSE), a Japan-based derivatives and securities exchange.

Reportedly, OSE will deploy NASDAQ OMX-based platform for derivatives trading. The NASDAQ OMX has said that the implementation of the new system is underway and scheduled for launch in the first quarter of 2011.

Lars Ottersgard, senior vice president, NASDAQ OMX market technology, said: “We are honored to be selected as system provider to OSE, marking our second market technology customer in Japan. This is the result of a strong and close partnership with both OSE and NTT Data. We are focused on delivering a cutting-edge trading system ready for launch in 2011.”