Tokyo Financial Exchange (TFX) today announced that TFX has become a member of International Swaps and Derivatives Association (ISDA) as of March 12 2009 (March 11 2009 in U.S. Time).
ISDA is the largest global financial trade association, by number of member firms, aiming to encourage the prudent and efficient development of the derivatives business. ISDA was chartered in 1985, and today has over 800 member institutions including leading financial institutions.
Through joining ISDA, TFX would like to use this as an opportunity to strengthen its ability to gather and analyze information related to OTC derivatives and facilitate better collaboration between TFX and business participants. By doing so, TFX hopes to contribute to the development and promotion of the derivatives market.