Osaka Securities Exchange (OSE) is to increase its trade processing capacity to 16 million transaction per day. This is on top of a current upgrade from current 4 million to 8 million, scheduled for August 2006.
OSEs plan is to surpass the scale of the Tokyo Stock Exchange (TSE) system enhancement, raising its trade processing capacity to 12 million as early as 22 May. OSE renewed its systems eraler this year, and is anticipating a surge in derivative trading.
TSE, on the other hand, is focusing on greater power, aiming to shorten response times to less than 10 milliseconds per order. “TSE will upgrade system capacity based on the number of received orders per second rather than the number of executed orders per day,” explains a spokesman for Mizuho Corporate Bank in Tokyo. “Specifically, TSE will enhance its system in the case where the system is unable to maintain the standard response time, when it processes twice the maximum number of orders per second or four times the average number of orders per second. Although TSE is three years behind OSE in shifting to a next generation computer system, it is expected to adapt to the surging volume of trade executions more easily.”