New data feed to coincide with migration of TOCOM trading to J-GATE platform, which aims to attract high-speed traders
Tokyo, 13 September 2016 – Colt announced today that it has become a market data provider for the Tokyo Commodity Exchange (TOCOM), with the service set to launch alongside the scheduled migration of TOCOM’s derivatives trading to the J-GATE trading system operated by Japan Exchange Group.
Firms with trading infrastructure will be able to access ultra-low-latency TOCOM ITCH1 market data in raw format for all TOCOM products, including its key gold, rubber and oil contracts. They can also take advantage of a full range of connectivity and colocation services provided by Colt, including the Colt PrizmNet financial extranet, ultra-low-latency network services, and MarketPrizm2 Premium Colocation.
The migration of TOCOM trading to the J-GATE trading system will make it easier for local and international traders to trade Japanese commodities products – which are becoming increasingly popular with investors – at lower latencies. Overall trading volumes for TOCOM-listed futures contracts were up 11.4% in July 2016, compared to a year earlier. TOCOM contracts are expected to start trading on the J-GATE engine – which supports low-latency matching – on 20 September 2016.
Colt’s ultra-low-latency market data solutions are ideal for market participants utilising latency-sensitive trading strategies, wherever they are based around the world. Colt’s ultra-low-latency market data solutions are ideal for market participants utilising latency-sensitive trading strategies, wherever they are based around the world. Traders can also explore potential trading opportunities by taking advantage of our 50+ market data feeds from exchanges around the world, as well as direct market access services at 50+ cross asset class venues and exchange colocation capabilities at 25+ venues globally. Our full range of services make arbitrage strategies between TOCOM and CME more manageable, including colocation, market data and ultra-low-latency connectivity between Japanese colocation venues and the 350 East Cermak and CME Aurora data centres in Illinois.Richard Man, Head of Solution Sales, Capital Markets for Colt Technology Services in Asia Pacific
TOCOM is taking measures to encourage a variety of players in the financial and securities industries to participate in our market. Through the joint use of the JPX system, we will have a one-stop environment that allows for high-speed trading and market data services leveraging connectivity with exchanges inside and outside of Japan. With this environment, the new market data service provided by Colt will provide greater convenience to TOCOM participants, something we are very grateful for and expect will lead to a significant increase in TOCOM’s trading liquidity.Mr. Mitsuhiro Onozato, TOCOM Executive Officer
The TOCOM data feeds further enrich Colt’s MarketPrizm Market Data service, which is part of Colt’s capital markets offering and includes high-speed data feeds for equities, derivatives, commodities, and FX from more than 50 exchanges and liquidity venues worldwide. For more information on Colt’s MarketPrizm Market Data service, please visit https://www.colt.net/solutions/capital-markets/ or contact [email protected].
Notes to editors:
1 TOCOM ITCH is a high-speed data-feed interface provided by Nasdaq that allows customers to receive market information about derivative trading activities, including the display of data related to added, executed, modified, or cancelled orders.
2 MarketPrizm was acquired by Colt in 2011 and its product portfolio is now part of Colt Capital Markets.
About Colt
Colt Technology Services provides on-demand network and communications services to information–intensive businesses across Europe, Asia and North America. Founded in 1992, there are over 5000 Colt people in local offices across 28 countries. Customers include 18 of the top 25 bank and diversified financial groups and 19 out of the top 25 companies in both global media and telecoms industries (Forbes 2000 list, 2014). In addition, Colt works with over 50 exchange venues and 13 European central banks. Colt provides businesses with reliable business grade services backed by the right choice of technology, service and commercials. When it matters, customers choose Colt.
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Henry Chow
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Matthew Schultz
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