Tokyo Stock Exchange Establishes Promotion Office For Co-Location Service

Published: 03-Feb-2010

Tokyo Stock Exchange (TSE) has established a co-location service promotion office to further promote and improve arrowhead, the next-generation trading system for cash equity and exchange traded funds, launched on January 4, 2010.

arrowhead aims to draw more business from hedge funds and other professional investors, who increasingly rely on automated trading strategies. arrowhead is designed by Fujitsu to handle 46 million orders a day. It runs on about 200 servers and processes trades in 5 milliseconds, compared with 2 to 3 seconds previously.

Hiroyuki Iwakuma, senior MD and COO, will become in-charge of the co-location service promotion. Yasuhiro Yoshida, executive officer, will take over the responsibility of director of co-location service promotion office.

The co-location service is aimed at minimizing the latency of order submission and market information transmission by allowing trading participants to locate their devices such as order placement servers at the same building, TSE Primary Site, where the trading system and market information system of the TSE are operating.

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