Swedish technology group Cinnober had landed a deal to upgrade Japan Stock Exchange’s derivatives clearing systems.

The Stockholm-based tech firm, which already works with LME Clear and the NYSE, will implement a multi-asset clearing solution - allowing Japan Securities Clearing Corporation (JSCC) to monitor and manage derivatives risk in real-time.

The deal comes a week after Cinnober reported healthier earnings in 2015, with an operating profit of 17.7m krona (£1.5m) from a loss of 3.4m krona (£290,000) a year ago.

It also follows a deal to supply clearing technology to the Johannesburg Stock Exchange and a contract upgrade the derivatives trading and post-trade operations of the ASX, the Australian exchange.

“We are proud to work with Cinnober as our partner to deliver our next generation clearing system, in which we are making a major strategic investment following a detailed analysis and selection process,” says Hiroyuki Shibuya, CIO of JPX.

“We now look forward to working together as one team as we move towards implementing a real-time clearing system that meets both global standards and international best practice.”

JPX - one of the world’s largest financial marketplaces - was established in January 2013 via the merger of the Tokyo Stock Exchange Group and the Osaka Securities Exchange. As well as operating an exchange, the group provides clearing and settlement services through a central counterparty.