Jox deploys Trayport trading system 
J-Oil Exchange(J-Oil Exchange/Jox), has announced the deployment of Trayport’s GlobalVision Exchange Trading System, enabling existing and new members to integrate with the exchange.

The implementation maintains Jox’s existing bilateral settlement mechanism, and provides the ability to support cleared products across multiple asset classes on a single server application throughout Asia.
Previously, Jox conducted trading through a web-based system with limited functionality and integration capabilities. The exchange recognised that achieving its goal of market growth, particularly within the energy, commodity and investment banking trader communities, would require investment in specialist technology like GlobalVision. 
Key features of GlobalVision include its multi-asset class capabilities, the ability to support cleared and over-the-counter (OTC) markets, integration capabilities for straight through processing, flexibility, and scalability, providing Jox with the capacity to expand into markets beyond Asia.
“The Trayport model appealed to us because the regular upgrades they make to GlobalVision mean our customers always have access to the latest technology and functionality,” says Kazunori Yamamoto, chief operating officer at Jox.
“We are currently evaluating ways to build our membership base and liquidity as well as increasing the number of supported instruments. Implementing the GlobalVision system provides us with the technical capacity and integration capability to achieve these objectives,” Kazunori Yamamoto added.