Japan opens 1st one-stop integrated derivatives exchange in Osaka

0 Comment(s)Print E-mail Xinhua, July 27, 2020
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TOKYO, July 27 (Xinhua) -- Japan Exchange Group Inc. on Monday began trading on its new one-stop comprehensive derivatives platform in Osaka, western Japan, for financial and commodities futures.

The Osaka Exchange, the first of its kind in Japan, offers integrated services spanning the handling of contracts for precious metals like gold as well as those for farm products in a single account, in the hope of attracting new investment from around the world.

The integrated, single-account platform is hoped to be more user-friendly and not limit investors from trading the Osaka Exchange's financial futures instruments that are linked to the Nikkei stock average.

"The integrated service provides an opportunity to expand the market through the combined efforts of the industry," Japan Exchange Group's chief executive officer, Akira Kiyota, said.

Japan, compared to many other countries, has been slow on the uptake when it comes to integrated bourses.

Trade in commodity futures had tumbled to one-sixth compared to 2005 levels. On a global level, however, in the same time, led by markets in the United States and Europe, such trade has grown by nearly 10 times.

Regulations in Japan had previously restricted the integration of such a diverse range of derivative products being offered on one trading platform. Enditem

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