17 October 2017
visit www.response.ncr.com

Tokyo Financial Exchange and Deutsche Börse ink DAX licensing agreement

12 October 2010  |  2199 views  |  0 Source: Deutsche Börse

Tokyo Financial Exchange (TFX) and Deutsche Börse AG have signed an agreement which allows TFX to list a DAX derivatives contract on TFX.

The German equity index DAX comprises the 30 largest blue chip companies listed at Deutsche Börse's cash market (Xetra) and represents around 80 percent of the market capital that is authorized in Germany.

The derivative product planned to be listed on TFX is an exchange-traded equity index margin contract to be called "Click Kabu 365" in Japan. The DAX margin contract will be a yen denominated product targeted at retail investors. By listing this product on an exchange in Japan, Japanese investors will be able to become more familiar with one of Europe's benchmark equity indices.

"We are pleased to cooperate with Tokyo Financial Exchange to offer Asian investors access to the performance of the major German blue chips. By licensing the DAX index to TFX, we are making the leading German index directly available to market participants in Asia; while at the same time we are strengthening our global presence," added Hartmut Graf, chief executive officer, STOXX Ltd., which is the marketing agent for the indices of Deutsche Börse AG and SIX Group, amongst them the DAX and SMI indices.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comRegister nowvisit www.vasco.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14515 views comments | 11 tweets | 3 linkedin
Taiwan's Far Eastern International Bank suffers malware attackTaiwan's Far Eastern International Bank su...
13107 views comments | 16 tweets | 22 linkedin
Monzo fends off suitors as current account upgrade beginsMonzo fends off suitors as current account...
8987 views comments | 17 tweets | 14 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
7960 views comments | 15 tweets | 20 linkedin
Ripple blockchain network hits 100-member markRipple blockchain network hits 100-member...
7641 views comments | 13 tweets | 13 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job