JFX has implemented electronic-based trading since its inception. The Exchange's management recognizes this as a necessity that all exchanges experience. The electronic trading system, known as JAFeTS NOW, was designed to meet the following management criteria:
- Utilization of the latest technology that can accommodate future technological advancements.
- A system that remains adaptable for further development to meet market needs and evolution.
- Cost-effective technology for sustainable development.
- Specialized technology that can be upgraded when necessary.
Objectives and Benefits
The implementation of JAFeTS NOW aims to provide several key benefits:
- Ensuring equal opportunities and facilities for all market participants.
- Providing a trading platform with integrated control to minimize trading risks.
- Offering an efficient, fast, economical, and reliable trading facility.
- Deploying cutting-edge technology equivalent to leading international exchanges.
- Establishing a robust foundation for remote trading, enabling market participants to access the system from their locations.
- Delivering a system that can be easily adjusted to market demands, such as introducing new products or extending trading hours.
Components of JAFeTS NOW
Fundamentally, JAFeTS NOW consists of five main components:
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Trader Interface
- A screen where traders can enter, modify, and cancel orders.
- Provides an overview of the overall market situation.
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Trade Information
- Publishes trading data to vendors and external parties.
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Administrator Interface
- Used by exchange member administrators to set parameters governing JAFeTS NOW operations.
- Configurable parameters include contract types, price limits, trader screen user IDs and passwords, and trading sessions.
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Surveillance Application
- A tool for exchange surveillance officers to monitor market activities.
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Clearing Interface
- Facilitates electronic transmission of trade data to the clearing house.
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Data Vendor Interface
- Enables electronic transmission of trade data to data vendors.
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Interface for BAPPEBTI
- Allows electronic submission of trading data to BAPPEBTI.
The Next JAFeTS
JAFeTS NOW is the next-generation JAFeTS system with enhanced capabilities, including:
- Higher transaction handling capacity per second compared to its predecessor.
- Upgraded risk management functions.
- Improved reliability and availability for online trading flow.
JAFeTS NOW Access
Mobile Apps:
Web Apps:
The JAFeTS NOW User Guide can be downloaded from the link below: