TFX Welcomes First Remote Trading Member
Tokyo Financial Exchange Inc. (TFX) is pleased to announce that September 1 G.H. Financials Limited (GHF), a financial firm in the UK, has become the first Remote Trading Member of TFX effective September 1 2010.
TFX introduced the Remote Trading Membership Program in spring 2008, in order to accommodate growing demand from overseas investors for direct market access to the TFX market. TFX has been working with various parties to realize trading under this program.
This is the first case for a Japanese exchange to admit trading membership of an overseas investor who has no office in Japan. TFX continues to promote the Remote Trading Membership Program to the overseas trading community and expand its geographic coverage.
As a comprehensive financial derivatives exchange in Asia, TFX is committed to serve and excel in providing the innovative products and schemes for investors throughout the world.
Remote Trading Membership Program
This is a program where overseas investors, who have no offices in Japan, will be able to become members of TFX and access the TFX market directly to trade Three-month Euroyen futures and options. Targeting investors who will be expected to bring new liquidity to the TFX market, Remote Trading Members will be able to receive various incentives including trading registration fee exemption and trading fee discount. However, Remote Trading Members must register as a Type Two Financial Instruments Business firm with a legal representative based in Japan and must clear through an existing TFX clearing member in Japan.
G.H. Financials Limited (GHF) was established in 1993 as a clearing member of LIFFE (Present NYSE LIFFE). The company has gained considerable experience in electronic trading. The company’s principal activity is the provision of trading access on electronic derivatives exchanges to professional traders, the clearing and settlement of their trades, and providing the services necessary to support such market activity. The company has exchange memberships with NYSE-LIFFE, NYSE-Euronext Paris, Eurex, ICE and Montreal Exchange.