Japan's Financial Services Agency: Issues Discussed At The OTC Derivatives Regulation Review Panel - Executive Summary

On using electronic trading platform (ETP) for OTC derivatives markets

[Purposes of establishing a framework in Japan]

• To enable regulatory oversight on trades, including the price formation process.
• To contribute in stabilizing the markets during financial crises, through establishing a reliable method of trading based on defined set of rules.
• To  enable  improvement  in  market  efficiency  and  increase  in  market participants through improvements in price transparency.
• To promote straight-through processing (STP), from execution through to settlement.

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