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Japan: Largest futures exchanges are set to announce a merger

By  |  March 24, 2019

The largest futures exchanges in Japan are set to announce a merger this week as part of a national effort to take on foreign rivals and restore Tokyo’s place as the financial centre of Asia.

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    According to people briefed on the negotiations, Japan Exchange Group (JPX) — owner of the Tokyo and Osaka stock exchanges — will announce a basic agreement to acquire the Tokyo Commodity Exchange (Tocom) after a board meeting on Thursday.

    The merger is aimed at creating a single, consolidated financial exchange that can boost trading volumes, bring down capital requirements and better compete with giant rivals such as CME Group and Intercontinental Exchange.

    Full Content: Financial Times

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