Options
Technology has added the Japan Alternative Market to its connectivity lineup,
making the proprietary trading system accessible to its clients through
AtlasFabric, the company’s global trading network, Options announced today
(Thursday).
Singapore Summit: Meet the largest APAC brokers you know (and those you still don’t!)
JAX
operates as a Proprietary Trading System under Japanese financial regulation,
offering an alternative venue alongside the country’s established exchanges for
equity trading, price discovery, and liquidity access.
Options
said it joined the project as a founding partner at launch, handling both
trading connectivity and market data feeds from the outset of the venue’s
operations.
Not the First to Connect
The
announcement comes after TNS, a competing financial network infrastructure
provider, disclosed its own direct connection to JAX in January, three months
before Options made its move public. That earlier announcement positioned JAX
as a focal point for connectivity firms angling for position in Japan’s
evolving alternative trading landscape before broader volume growth
materializes.
Options
earlier this year activated what it describes as the first commercially
accessible quantum computing capability in New York City, aimed at capital markets firms
managing data workloads that outpace conventional infrastructure. The JAX
integration runs in parallel, extending its geographic reach rather than its
product range.
“Integrating
JAX into our platform further strengthens the Options portfolio of
connectivity, hosting, and market data services across Japan and the wider APAC
region,” James Hardcastle, Vice President and Head of APAC Sales at
Options Technology, commented.
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“Coupled
with Options’ enterprise-grade, mission-critical, low-latency infrastructure,
this partnership underscores our commitment to delivering best-in-class service
to our customers.”
AtlasFabric Carries the
Feed
Access to
JAX flows through AtlasFabric, Options’ network layer that the company says is
designed for low-latency, real-time market data delivery. Clients can route JAX
feeds directly into trading, risk, and analytics systems through the managed
connection, the company said, without specifying latency figures or the number
of clients expected to use the service.
AtlasFabric
has featured in several recent Options product announcements. In January, the
company deployed AtlasInsight, a deep packet capture and forensic analytics
solution, across its global infrastructure using the same underlying network.
CEO Danny Moore tied the JAX partnership to that broader product momentum.
“We
are thrilled to be expanding our presence across APAC, and the Japan
Alternative Market was an obvious next step to strengthen our offerings in this
region,” Moore said. “Having partnered with JAX from day one, we’ve
witnessed their exceptional growth firsthand and are excited about what the
future holds.”
Crossvale Deal Adds to
Busy Quarter
Options agreed
in February to acquire Crossvale, a US and EU-based application modernization firm specializing in
private cloud and AI deployment for regulated markets, in a transaction where
financial terms were not disclosed and regulatory approval remains pending.
The
Crossvale deal targets legacy system modernization for financial institutions,
a different segment from the connectivity work underpinning the JAX
integration.
Options,
which was founded in
1993 and launched its StrataNet global trading network in 2023, operates offices
across New York, London, Paris, Belfast, Cambridge, Chicago, Hong Kong, Tokyo,
Singapore, Dubai, Sydney, and Auckland.
This article was written by Damian Chmiel at www.financemagnates.com.
Source
