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Though Davutoy-lu said the TFX will be made entirely in Turkey, a Request for Proposal (RFP) is expected to be released for foreign companies to also take part in the fighter's preliminary design work.
TFX is a wholly owned subsidiary of Teleflex Incorporated (NYSE: TFX).
We are confident that the advanced technology and infrastructure TT provides will enhance convenience for market participants and also bring new liquidity to our market," said Shozo Ohta, President and CEO of TFX.
TT customers have the option to spread TFX and TGE products against contracts listed on all TT-supported exchanges.
Our customers can now obtain access to a broad array of Japanese derivatives contracts on TFX, TGE and TOCOM through our trading platform.
John Sickler, President of TFX Equities, indicated that "Microlog's current products and development plans represent a good fit with Teleflex's criteria for investment in the technology arena.
Zhongmin Guo, Vice President, Telecom and International Business Unit of KVH noted, "We are very pleased that TFX has selected our services for TFX's interest system-centered proximity services.
TFX offers variety of short term interest rate (STIR) futures and options products for institutional investors and Exchange FX Margin contracts mainly for retail investors in Japan.
I am pleased to welcome Equinix as one of TFX's colocation partners," said Jiro Saito, president and CEO of TFX.
As TFX has grown and expanded its client base, it is seeking to provide greater options for its customers to access its services," said David Wilkinson, Representative Director of Equinix in Japan.
TFX, formerly known as the Tokyo Financial Futures Exchange (TIFFE), saw its futures volume grow 23.
TT customers will have the option to host their TFX gateways internally or outsource connectivity to TTNET[TM], TT's fully managed hosting solution.
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