Japan's Osaka Exchange Adopts Nasdaq Eqlipse Trading and Surveillance Technology

Partnership strengthens Japan's position as a leading global derivatives market

Feb. 4, 2026 at 1:47am

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The Osaka Exchange (OSE) has selected Nasdaq's advanced Eqlipse Trading and Market Surveillance technology platforms for its next-generation derivatives infrastructure. This strategic partnership represents a significant step forward in OSE's modernization journey, positioning Japan's derivatives market for enhanced global competitiveness and future growth opportunities.

Why it matters

The expanded partnership reflects OSE's commitment to deploying world-class infrastructure that can adapt to evolving market dynamics while maintaining the highest standards of performance, resilience, and integrity. The advanced platforms will provide OSE with the agility to rapidly deploy new products and services, scale efficiently with growing volumes, and future-proof operations for emerging market opportunities.

The details

The Nasdaq Eqlipse Trading platform will provide enhanced performance capabilities, supporting multi-asset trading with ultra-low latency and the flexibility to adapt to changing market conditions. The platform's scalable architecture will enable OSE to efficiently manage volume fluctuations while providing market participants with robust risk management tools and market-standard APIs. The integration of Nasdaq Market Surveillance technology will further strengthen OSE's market integrity framework, leveraging advanced analytics and AI-powered capabilities to detect and investigate potential market abuse.

  • The partnership was announced on February 4, 2026.

The players

Osaka Exchange (OSE)

Japan Exchange Group's Osaka Exchange, a leading global derivatives market.

Nasdaq

A leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators.

Ryusuke Yokoyama

President & CEO of the Osaka Exchange.

Magnus Haglind

Head of Capital Markets Technology at Nasdaq.

R.G. Manalac

Senior Vice President, Asia Pacific at Nasdaq.

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What they’re saying

“I am very pleased that we have selected Nasdaq as our development partner. We have built a strong relationship of trust with Nasdaq over many years in the field of market infrastructure, and this new initiative will further reinforce our long‑term collaboration. The platform will significantly enhance the foundation of derivatives trading at OSE, and by combining Nasdaq's expertise with our own experience, we believe we can provide all market stakeholders with a safer and more efficient trading environment.”

— Ryusuke Yokoyama, President & CEO of OSE

“The evolution of global capital markets demands infrastructure that can not only meet today's requirements but anticipate tomorrow's opportunities. OSE's modernization program reflects their commitment to delivering world-class market infrastructure that enhances Japan's position as a leading global derivatives market. Our technology will provide OSE with the agility and advanced capabilities needed to serve their clients while positioning for future innovation and growth.”

— Magnus Haglind, Head of Capital Markets Technology at Nasdaq

“Nasdaq's partnership with Japan's financial services ecosystem spans decades, reflecting our deep commitment to supporting the modernization and growth of Japan's capital markets. From market infrastructure to regulatory technology and risk management solutions, we are proud to serve as a strategic technology partner across the fabric of Japan's financial system. This expanded partnership with OSE reinforces our role in helping Japanese markets compete and innovate on the global stage.”

— R.G. Manalac, Senior Vice President, Asia Pacific at Nasdaq

The takeaway

This partnership between the Osaka Exchange and Nasdaq demonstrates Japan's commitment to modernizing its financial market infrastructure and enhancing its position as a leading global derivatives market. The advanced trading and surveillance technologies will provide OSE with the agility, scalability, and integrity needed to capture new growth opportunities and serve market participants more effectively.