News Centre

Basic Agreement Toward Realizing A Comprehensive Exchange: Japan Exchange Group And Tokyo Commodity Exchange

Date 28/03/2019

Overview of Basic Agreement

The Companies will engage in deliberations in good faith towards the realization of a comprehensive exchange based on the basic agreement.

• Maintain and develop Japan’s derivatives market through the realization of a comprehensive exchange that enables one-stop trading in various products ranging from financial securities to commodity derivatives.
• Convert TOCOM into a wholly-owned subsidiary of JPX through TOB (+ squeeze-out).
• Precious Metals, Rubber, and Agricultural Products: Transfer to OSE. 
• Oil-related Products: Continue trading on TOCOM for the time being. Listing of new oil-related products on OSE will be discussed between the Companies.
• Electricity and LNG: Aim for listing and handling as a TOCOM market.
• Consolidate Japan Commodity Clearing House (JCCH) into Japan Securities Clearing Corporation (JSCC).
• Determine post-combination business policies, management composition, organization, and other matters based on future deliberation. 
• Give due consideration for existing trading participants in the realization of a comprehensive exchange.

ESMA Fines Fitch €5,132,500 For Breaches Of Conflict Of Interest Requirements

Date 28/03/2019

The European Securities and Markets Authority (ESMA), the supervisor of EU credit rating agencies (CRAs), has fined three CRAs belonging to the Fitch Group a total of €5,132,500. The fines relate to a series of infringements where the CRAs negligently failed to comply with requirements of the Credit Rating Agencies Regulation (CRAR) related to conflicts of interest that entered into force on 20 June 2013.  

Tokyo Stock Exchange: arrowhead Upgrade To Be Launched On 5th November, 2019

Date 28/03/2019

Tokyo Stock Exchange Inc. will upgrade arrowhead on 5th November 2019 along with some improvement of trading rules and enhancement of system functionalities. For details, please refer to the following page.

Osaka Exchange To Perform Proof Of Concept Testing For Derivatives Trading Information

Date 28/03/2019

As recent years have seen the diversification of data and the growth of alternative data, Osaka Exchange, Inc. performs proof of concept (the PoC), in cooperation with a range of parties concerned, regarding the feasibility of using new data and service that are expected to contribute to the development of securities markets.

Japan Exchange Group: 3rd Medium-Term Management Plan

Date 28/03/2019

Under rapid innovation and global dynamics, we aim to evolve into a total smart exchange, where anyone can trade any product in a secure and easy way, by further cooperating with stakeholders and entering into new partnerships.

Hong Kong's Securities And Futures Commission: Statement On Security Token Offerings

Date 28/03/2019

This statement serves as a reminder about the legal and regulatory requirements applicable to parties engaging in security token offerings (STOs). The Securities and Futures Commission (SFC) also wishes again to remind investors to be wary of the risks associated with virtual assets, including tokens which are the subject of STOs (Security Tokens).

Basic Agreement Regarding Business Combination Between Tokyo Commodity Exchange, Inc.And Japan Exchange Group, Inc.

Date 28/03/2019

Tokyo Commodity Exchange, Inc. (TOCOM) and Japan Exchange Group, Inc. (JPX) (collectively, the “Companies”) hereby announce that we have resolved to agree to pursue the realization of a business combination (the “Business Combination”) at their respective Board of Directors meetings held today, and entered into a basic agreement (the “Basic Agreement”) today, as detailed below.

New Zealand's Financial Markets Authority Confirms New Appointments To Executive Committee

Date 28/03/2019

The Financial Markets Authority (FMA) today confirmed two new appointments to its Executive Committee.

Shenzhen Stock Exchange And Luxembourg Stock Exchange Launched The Green Fixed Income Information Channel

Date 28/03/2019

On March 27, SZSE and Luxembourg Stock Exchange (hereinafter referred to as LuxSE) officially launched the Green Fixed Income Information Channel (hereinafter referred to as the Information Channel) at the Boao Forum for Asia Annual Conference 2019. The Information Channel displays information of SZSE green corporate bonds and ABS products on LuxSE’s official website, giving further international exposure to SZSE’s fixed income products and promoting connection of green products and services offered by capital markets of China and Luxembourg. As a key project in a ceremony marking Sino-Luxembourg cooperation, the launch of the Information Channel, as witnessed by leaders of the two countries, was officiated by Mr. Li Hui, Executive Vice President of SZSE, and Mr. Robert Scharfe, CEO of LuxSE.

Nadex Product Schedule For The China Holiday On April 5, 2019

Date 27/03/2019

Due to the China holiday on Friday, April 5, 2019, the China 50 contracts will have a modified trading schedule on that day.  Please refer to the Holiday Product Schedule Guidelines for specific product trading hours.