The Central Japan Commodity Exchange (C-Com), Kansai Commodities Exchange (KEX) and the Osaka Securities Exchange Co., Ltd. (OSE) today announced the signing of a Memorandum of Understanding (MoU) and co-operation among the three exchanges.
The three exchanges share the belief that the MoU will contribute to the mutual development of their respective markets, and pave the way to provide greater conveniences to market participants.
Based on this MoU, the three exchanges will hold discussions to explore the possibility of co-operation in areas that will enhance mutual benefits, such as activities to promote derivatives deeply rooted in the Kansai region, development of new products, and joint utilization of electronic trading platforms.
KEX's Chairman, Mr. Makoto Iwamura, stated: "I believe the establishment of this cooperative framework will enhance the market functions of our respective exchanges. A stronger collaboration among the three Osaka based exchanges is expected to provide substantial contributions to the development of the futures markets in Osaka, and development of markets in Japan as a whole."
C-Com's Chairman & CEO, Mr. Fumihiko Kimura, said: "I expect this cooperative relationship among the three exchanges to lead and encourage movements to inspire fresh air into the commodity and securities industries, and to accelerate the development of both commodity futures and the financial and capital marketplace."
OSE's President & CEO, Mr. Michio Yoneda, commented: "We have embarked on the first step to enhance a cooperative relationship through the signing of this MoU with C-Com and KEX. Our three exchanges share a common ground in Osaka, the world's birthplace of futures transactions, and this MoU will help strengthen the financial functions of the Osaka markets and promote the development of the Japanese market.