The Tokyo Stock Exchange said it will migrate futures trading to a new electronic system that eliminated the “open outcry” system of yelling for attention on an options trading floor.

The exchange operator, though, will instead use a Facebook page to draw attention to its new Tdex+ system.

The TSE said it will migrate futures trading to the Tdex+ system on Nov. 21. The system processes orders in fewer than 10 thousandths of a second.

Tdex+ System is based on NYSE Liffe's Liffe Connect system for high-speed trading of futures and options. Liffe Connect offers implied spreading, delta hedging, market making and risk management. Customers can build or purchase trading applications that connect directly to the system.

The Liffe system was designed and developed by the London International Financial Futures and Options Exchange, to replace its open outcry trading floor. LIFFE became a fully electronic exchange in 2000.

In connection with the migration to Tdex+, TSE will extend trading hours and introduce a Market Maker Scheme for mini-futures trading.

The TSE though has established a Facebook page to distribute news and information about its Tokyo derivatives exchange (Tdex) and promote ‘’interactive communication with market users. “

Information to be disseminated includes descriptions of events held before and after the launch of Tdex+ System as well as comments from personnel involved in the launch.

The market maker scheme is designed to introduce market makers to the derivatives trding. The market makers will continuously place bids and offers on futures and options contracts.

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