Japan Exchange Group updates on setting up new data back-up center
JPX has been constructing a new secondary data center (back-up center) in the Kansai region.
Japan Exchange Group, Inc (JPX) has earlier today provided an update on the schedule of setting up its new secondary data center (back-up center) in the Kansai region.
A new access point (AP4) is set to be established in the final quarter of FY2020. This is an access point that will be newly installed in Kansai to connect trading participants, etc. with the JPX network.
The derivatives trading system (J-GATE) is set to be set up in the third quarter of FY2021. The clearing system is poised to be established after Q4 FY2021, whereas the equities trading system (arrowhead) is expected to be set up after FY2022.
The establishment of the new secondary data center is a part of JPX’s efforts to provide reliable markets even when major risks materialize, such as in the form of natural disasters or terrorist acts. JPX has put in place Business Continuity Plan (BCP) to define its response to materialized risks.
The basic concept of the BCP is to continue operations as far as possible even in times of emergency. If suspension is unavoidable, then the affected operations should be resumed as soon as possible. For example, if a serious incident, such as a major earthquake, occurs and operations are suspended, in principle, JPX aims to resume clearing operations in about two hours and trading operations within 24 hours to prevent the loss of a trading day to the greatest extent possible.
To achieve said targets, in addition to its primary data center where operations normally take place, JPX also maintains a secondary (back-up) center, which is located in a different area to avoid having both centers be simultaneously affected. If the primary center is affected by a disaster and cannot continue operations, operations are switched over to trading and other core systems in the backup center to allow trading to resume as quickly as possible.
JPX has made the decision to construct a new back-up center in a remote area of the Kansai region, so that in case of a disaster such as a major large-scale earthquake in the Tokyo Metropolitan area, there would be little or no fear of damage to societal infrastructure causing a shortage of essential services such as electricity.
