Global options market seeks better technology

The Tokyo Stock Exchange's decision to implement an options platform from NYSE Euronext's Advanced Trading Solutions unit is an eye-opener. This is a great opportunity for the NYSE. According to Securities Industry News, the TSE historically had relied on Fujitsu and other Japanese vendors. But a series of high-publicity woes seems to have pushed them to others. The NYSE and the TSE signed a tech-sharing agreement in 2007. The move certainly is a reflection of the NYSE's move to monetize its technology prowess by inking similar deals around the globe. Europe obviously is a stronghold. But Asia looms as a potentially lucrative source of new business. So the NYSE has deals in Malaysia, the Philippines and Thailand.  

For more:
- here's the Securities Industry News article