25 July 2014

Integration of derivatives markets at JPX

24 March 2014  |  460 views  |  0 Source: Japan Exchange

Japan Exchange Group (JPX) has today integrated the derivatives market operated by Tokyo Stock Exchange into that of Osaka Exchange (formerly Osaka Securities Exchange), and all trading operations have been consolidated onto J-GATE.

The integration significantly enhances market convenience by bringing a wide range of derivatives products, including those based on Nikkei 225, TOPIX, and Japanese government bonds, onto a single platform and aligning the close of the night sessions of all derivatives products to 3:00 a.m. the next day.

Following last July's cash equity market integration and consolidation of self-regulatory and clearing operations, today's derivatives market integration completes the consolidation of our operations as part of JPX's ongoing efforts to raise the international competitiveness of the Japanese securities market. We believe that market participants will be able to look forward to even more convenient and reliable market infrastructure, and we will continue to work to build attractive markets for all market users.

We launched futures contracts on India's CNX Nifty index today and will also be relaunching the 20-year JGB futures market on April 7 as we continue to broaden our derivatives product lineup.

Today's derivatives market integration was made possible with the cooperation of trading participants, information vendors, and other market users. We would like to take this opportunity to express our appreciation for their continued support and understanding and look forward to working together to further develop the securities market.

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