Options Celebrates Successful Go-Live of Tokyo Stock Exchange’s arrowhead Upgrade

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Options Celebrates Successful Go-Live of Tokyo Stock Exchange’s arrowhead Upgrade

2024-11-27 20:50 Last Updated At：21:01

LONDON & NEW YORK & HONG KONG--(BUSINESS WIRE)--Nov 27, 2024--

Options Technology, a trailblazer in capital markets infrastructure, would like to congratulate the Tokyo Stock Exchange (TSE) on the successful upgrade to their cash equity trading system, arrowhead version 4.0, earlier this month.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241127356296/en/

The arrowhead upgrade marks the fourth major advancement of the TSE’s trading system since 2010 and is another milestone in the ongoing relationship between Options and the TSE. The launch of arrowhead 4.0 was preceded by extensive communications and a thorough weekend of testing organized by the TSE and open to all market participants. Options also welcomes and supports the TSE’s decision to extend the afternoon session of the equity cash market by 30 minutes.

Danny Moore, President and CEO of Options Technology, commented: “This latest deployment highlights the TSE’s commitment to optimizing trading speeds and reliability in critical markets. The successful transition to arrowhead version 4.0 is a testament to the strength of partnership with the TSE. We would like to congratulate the Tokyo Stock Exchange (TSE) and extend our gratitude to our clients for their engagement and exhaustive testing efforts, which ensured a smooth and successful go-live.”

Options' state-of-the-art Atlas product suite supports this new deployment. Through the Atlas platform, clients gain real-time access to advanced monitoring tools and predictive analytics, enabling them to evaluate market risk and opportunities with unparalleled precision.

AtlasFabric is Options Technology’s state-of-the-art low latency network, carrying the world’s trading data and continuously evolving to meet the demands of modern finance. Explore the real-time AtlasVision monitor here.

Today’s news comes as the latest in a series of major milestones at Options, including the launch of the industry’s first low latency Bergamo tickerplant, the acquisition of Packets2Disk, significant investment from Vitruvian Partners and recent office openings in key markets such as Sydney and Dubai.

About Atlas

Atlas is Options Technology’s ground-breaking product suite designed to deliver next-generation market data transparency, volatility analysis, and predictive insights. Atlas empowers traders, quants, and risk managers to optimize their strategies in real time. Launched in October 2024, Atlas provides comprehensive access to global market data, offering transparency, speed, and reliability for clients across the trading, investment management, and financial services sectors.

Options Technology:

Options Technology (Options) is a financial technology company at the forefront of banking and trading infrastructure. We serve clients globally with offices in New York, London, Belfast, Cambridge, Chicago, Hong Kong, Tokyo, Singapore, Paris, and Auckland. At Options, our services are woven into the hottest trends in global technology, including high-performance Networking, Cloud, Security, and AI (Artificial Intelligence).

www.options-it.com

Namibia votes and could have its first female leader. But election upsets have shaken the region

2024-11-27 20:53 Last Updated At：21:01

WINDHOEK, Namibia (AP) — A 72-year-old woman who joined Namibia's underground independence movement in the 1970s is a strong contender to become its first female leader as the country voted Wednesday in a presidential election.

Netumbo Nandi-Ndaitwah, is the current vice president and the ruling SWAPO party's candidate for president. She's already in the lead after special voting among citizens overseas and the armed forces.

But SWAPO, which has governed the southern African country and held the presidency for 34 years since independence from apartheid South Africa in 1990, faces growing frustration caused by high unemployment and economic hardship, especially among young people.

That is a common theme that has led to momentous election upsets in other countries in the region this year. Voters elsewhere in southern Africa have rejected parties that liberated their nations from colonial or white minority rule in favor of era-ending change to address new problems.

In neighboring South Africa, the African National Congress that ruled for three decades since the end of the racist system of apartheid lost its majority in a landmark election result in June. Botswana's ruling party lost in a landslide last month after 58 years in power since independence from Britain, and Mauritius delivered a surprising heavy defeat for its incumbent party this month.

Mozambique's long-ruling Frelimo party was declared the winner of an election in October, prompting claims of vote rigging and sparking ongoing violent protests against the party.

About 1.4 million people — approximately half the Namibian population — are registered to vote to decide the president and the makeup of Parliament for a five-year term. The country on the southwestern coast of Africa is a former German colony that came under South African control after World War I and its Black majority was later subjected to some of South Africa's apartheid policies. SWAPO was at the forefront of the battle for independence.

While Namibia's population is 85% Black, its colonial history is illustrated by large white and biracial communities, and English, German and South Africa's Afrikaans language are all spoken.

Nandi-Ndaitwah voted at an elementary school in the capital, Windhoek. She told reporters that one of her party’s key focuses to fight poverty was attracting more foreign investment to a country with diamond and uranium resources, and untapped oil and gas off its coast that is being explored by international energy companies.

“There should be a balance to make sure that the Namibian people, who are the owners of these resources, benefit from them,” she said.

Fourteen other candidates are also running for president, including Panduleni Itula, a former dentist who was SWAPO’s closest challenger four years ago when he ran as an independent. He is representing the Independent Patriots for Change party this year. A runoff will be held if a candidate fails to win more than 50% of the votes, which has never happened before in Namibia.

Polls close at 9 p.m. (1900 GMT) and results are expected by the weekend.

President Hage Geingob died in office in February and his vice president, Nangolo Mbumba, became head of state.

While Nandi-Ndaitwah represents the rare chance for a female leader in Africa, SWAPO's popularity has slipped and it won the presidency with its lowest share of the vote ever in the last national election in 2019.

Nandi-Ndaitwah, who received part of her education in the then-Soviet Union while in exile during the fight for independence, has promised to create more jobs and tackle the 20% unemployment rate for young people and graduates. She has pledged to spend approximately 85 billion Namibian dollars ($4.7 billion) over the next five years to create more than 500,000 jobs, a goal that her critics call unrealistic.

Opposition candidate McHenry Venaani, the leader of the second biggest party in Parliament, said Namibians should recognize it's time for change.

“Botswana has done it, South Africa has done it, Mauritius has done it. Namibia can also bring about change," he said. “People have no water, people have no houses, people have no electricity. For 34 years."

Issues affecting women, including reproductive rights, equal pay and health care, are also likely to rank high for voters in a country that has the Kalahari Desert running through its center and the Namib Desert along its coast and has one of the sparsest populations in the world. Just over 3 million people live in Namibia, which is more than twice the size of Germany.

Those deserts make it one of the driest countries in southern Africa that's vulnerable to climate shocks, like an El Nino-induced drought that parched the region this year. As a result, Namibian authorities announced they would kill hundreds of wild animals to provide food for hungry people.

AP Africa news: https://apnews.com/hub/africa

Options Celebrates Successful Go-Live of Tokyo Stock Exchange’s arrowhead Upgrade

News

Options Celebrates Successful Go-Live of Tokyo Stock Exchange’s arrowhead Upgrade

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