The Tokyo Stock Exchange has launched its Tdex+ System, a new options trading platform.

The Tdex+ System is based on Liffe Connect, NYSE Liffe's derivatives trading platform. With the new system, order-processing performance is reduced and functionality for strategy trades has also been enhanced.

The TSE also has introduced the Market Maker scheme for all listed options contracts. Multiple market makers have started to quote bid and offers continuously for options on JGB futures as well as Topix options and equity options.

In a statement, Atsushi Saito, President and CEO of Tokyo Stock Exchange, said, "Today's launch of Tdex+ System is the first step to further develop the TSE options market. The introduction of the Market Maker scheme provides investors the opportunity to trade Japanese options contracts in a highly transparent exchange market. I strongly believe that development of options market enhances the possibilities of alternative investments on Japanese financial markets, and greatly contributes to make Japanese markets more attractive. TSE will continue to make every effort to establish efficient and convenient markets for investors around the globe in the future."

Duncan Niederauer, CEO of NYSE Euronext, added, "NYSE Euronext is privileged to play an important role in the TSE's Tdex+ System. Today's launch of Tdex+ is the culmination of a yearlong endeavor involving both business and technology teams from NYSE Euronext working in partnership with the TSE. Technology provides the foundation for future business co-operation between our two organizations, and we are committed to doing our part to deliver significant benefit and value to the TSE and its customers."