Japannext PTS is open five days a week from Monday to Friday except for national, observed, and exchange holidays. Please refer to the tables below or to the Japannext PTS Holiday Calendar document for exact dates.
Japannext PTS continuously invests in the optimization of its technology and infrastructure to ensure the growth and reliability of its service over the entire trade lifecycle. This ensures that Japannext PTS remains on the cutting edge when it comes to trading securities in the Japanese market.
We have partnered with NASDAQ to successfully launch a new NASDAQ powered trading system on September 26, 2011. By shifting to NASDAQ's extensively proven exchange technology, our members benefit from significant latency improvements and increase in throughput capacity. This system shift will enable us to offer our customers an advanced, low-latency trading system in line with international standards. High-performance trading technology is a vehicle for growth, and Japannext PTS maintains a prime position to further increase our market share and customer-base.
Other peripheral technologies such as a FIX order entry gateway and various market data feeds were developed internally to ensure high performance and low latency characteristics on par with, if not better than, the best exchanges in the US. Our market participants can rely on us to go to great lengths to ensure the redundancy and reliability of our services.
We offer market data information and accept clients' orders via emerging industry standard protocols OUCH and ITCH. These protocols open up a fast and extremely efficient way to engage with our market. We also support the industry standard FIX protocol.
Designed specifically to meet the demands of the financial Industry, our co-location space provides the lowest latency to the Japannext PTS matching engine, as well as one of the lowest latencies to the other Japan venues. We are able to provide our clients a cost effective, flexible installation, and fully monitored service .
Via our partners at SBI BITS, we are able to provide full remote hands service to our members, across all of their data center locations in Japan, not only Japannext PTS racks. We have dedicated multi lingual on-site staff that are able to provide 24/7 support, and troubleshooting analysis. We pride ourselves in fast customer response and assistance.
We understand that in the currently compliance dominated world, an extra layer of risk checks for client orders is sometimes needed. We provide a pre trade risk check service to members that choose to use it. We have used our own in-house FPGA technology to provide clients a low latency, highly customized pre trade risk check functionality for their orders.
For international clients concerned about warranties or local pricing of hardware, we are able to provide our clients with the option to purchase their hardware. All devices are fully covered under Japanese warranty and we have secured competitive pricing . Please reach out to our sales team for more information.
We provide our members and their potential trading clients to access our historical tick market data for their analysis.
X-Market and U-Market are available during daytime market hours.
The main PTS market is split into two sessions, refered to as the Daytime Market and Nighttime Market. For more details please refer to Japannext PTS Trading Rules.
The X-Market is a targeted market which sets its focus on retail clients. It has an additional matching rule which prevents crossing between DLPs (Designated Liquidity Providers). This combined with the qualification procedure for buy and sell sides creates an unique opportunity for DLPs to improve prices. For more details please refer to X-Market Information and X-Market Participation Rules.
The U-Market is another kind of targeted market where supply demand balance is defined by a scientifically crafted price tick. A uniform optimal tick size across the trading universe allows DLPs to maintain dense liquidity at most competitive price levels. For more details please refer to U-Market Information.
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JAPANNEXT DATA CENTER
Japannext provide network connectivity for participants to access Japannext PTS markets.
Telecom WAN circuits and colocation spaces are supported for the connectivity.
Full market depth information.