Japan Exchange Group Inc.

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Japan Exchange Group
Founded 2013
Key People Atsushi Saito, CEO

Japan Exchange Group (JPX) is the new holding company created by the merger of the Tokyo Stock Exchange (TSE) and Osaka Securities Exchange (OSE), which was completed in January of 2013. The TSE offers cash equities while the OSE operates derivatives trading. The exchanges completed their cash equities integration in July 2013 and finished consolidating their derivatives trading in March 2014. [1] [2] The JPX was ranked at the world’s 14th largest derivative exchange by volume in 2013, according to the annual volume survey published by the Futures Industry Association(FIA). [3]

Japan Exchange Group went public via a stock swap and listed on the TSE January 4, 2013. Shares of the stock fell 9.4 per cent on its first day, ranking it tenth among global exchange groups. [4]

The company's clearinghouse is Japan Securities Clearing Corp. Its self-regulatory body is Tokyo Stock Exchange Regulation.[5]

As of March 2014, the exchange ranked 14th globally in derivatives trading volume. 366 million contracts were traded there in 2013 based on the combined figures for the two previous entities, according to the Futures Industry Association.


History

Products and Services

The exchange offers cash stocks and derivatives, including futures and options on Japanese government bonds and international stock price indices such as TOPIX and Nikkei 225.[6]

On Monday, January 6, 2014, JPX will launch a new stock price index, the JPX Nikkei Index 400. With the new index, JPX is encouraging securities companies and other businesses to develop new types of investment products.[7]

Key People

References

  1. Tokyo and Osaka Bourses Merge as Japan Exchange Group. Waters Technology.
  2. Bright Futures for Japan's Unified Futures?. {{{org}}}.
  3. FIA Annual Volume Survey. FIA.
  4. Japan ‘super-bourse’ makes rocky start. The Financial Times.
  5. Japan Exchange Group to Be Launched Tues., Uniting TSE, OSE. JIJI Press.
  6. New Year's Message From Japan Exchange Group CEO, Atsushi Saito. MondoVisione.
  7. TSE faces international challenge. The Japan News.