Integration of Derivatives Market at JPX

Atsushi Saito, JPX Group CEO

Atsushi Saito, JPX Group CEO

Japan Exchange Group (JPX) on 24 March has integrated the derivatives market operated by Tokyo Stock Exchange into that of Osaka Exchange (formerly Osaka Securities Exchange), and all trading operations have been consolidated onto J-GATE.

The integration significantly enhances market convenience by bringing a wide range of derivatives products, including those based on Nikkei 225, TOPIX, and Japanese government bonds, onto a single platform and aligning the close of the night sessions of all derivatives products to 3:00 a.m. the next day.

Following last July’s cash equity market integration and consolidation of self-regulatory and clearing operations, the derivatives market integration completes the consolidation of their operations as part of JPX’s ongoing efforts to raise the international competitiveness of the Japanese securities market. JPX believe that market participants will be able to look forward to even more convenient and reliable market infrastructure, and will continue to work to build attractive markets for all market users.

JPX launched futures contracts on India’s CNX Nifty index on 24 March and will also be relaunching the 20-year JGB futures market on April 7 as they continue to broaden their derivatives product lineup.

The derivatives market integration was made possible with the cooperation of trading participants, information vendors, and other market users. JPX would like to take this opportunity to express appreciation for their continued support and understanding and look forward to working together to further develop the securities market.

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