Nasdaq, the world’s largest exchange company, will provide a new trading platform for Japan’s largest derivatives bourse, in a significant deal for a foreign financial technology operator and a step toward internationalising Japan’s financial markets.

Nasdaq said it has signed an agreement with Japan Exchange Group to provide a new trading platform, real-time market surveillance and pre-trade risk-management technology for the group's derivatives bourse, the Osaka Exchange. The system will begin operations sometime after 2015, according to people familiar with the discussions.