Japan Exchange Group

Japan Exchange Group, Inc. (株式会社日本取引所グループ, Kabushiki-gaisha Nippon Torihikijo Gurūpu) , abbreviated as JPX or Nippon Torihikijo, is a Japanese financial services corporation regulated by the Financial Instruments and Exchange Act. JPX owns and operates the Tokyo Stock Exchange (TSE), the Osaka Exchange (OSE), and the Tokyo Commodity Exchange (TOCOM). It was formed by the merger of TSE and OSE on January 1, 2013. As a result of this merger and market reorganization, TSE became the sole securities exchange of JPX and OSE became the largest derivatives exchange of JPX. In 2019, JPX acquired TOCOM to expand derivatives-related businesses in the commodity market. The corporation also has a self-regulatory body, Japan Exchange Regulation,[1] and a clearing house, Japan Securities Clearing Corporation (JSSC).[2] As of June 2021, it is the world's fifth-largest stock exchange operator, behind NYSE, NASDAQ, SSE, and HKSE.[3]

Japan Exchange Group, Inc.
Native name
株式会社日本取引所グループ
Kabushiki gaisha Nippon Torihikijo Gurūpu
FormerlyOsaka Securities Exchange (1949–2013)
TypePublic KK
TYO: 8697
IndustryFinancial services
Predecessors
Founded
  • De jure on 1 April 1949 (1949-04-01) as the Osaka Securities Exchange Co., Ltd.
  • De facto on 1 April 2013 (2013-04-01)
HeadquartersKabutocho, Chūō, Tokyo, Japan
Key people
Atsushi Saito, CEO
ServicesSecurities exchange
Derivatives exchange
Clearing house
SubsidiariesTokyo Stock Exchange
Osaka Exchange
Tokyo Commodity Exchange
Japan Exchange Regulation
Japan Securities Clearing Corporation
WebsiteJPX.co.jp/

History
  • November 22, 2011 - TSE and OSE decided to merge into one, as a solution to slowing market conditions in Japan.[4]
  • July 5, 2012 - The Japan Fair Trade Commission approved the TSE-OSE merger.[5]
  • January 1, 2013 - JPX was launched.[6]
  • January 4, 2013 - JPX was listed at TSE's first section (8697). JPX also assumed OSE's own ticker symbol (also 8697).[6]
  • July 16, 2013 - The cash equity market of OSE was transferred and integrated into TSE.[6] The self-regulatory operations of OSE were integrated into Tokyo Stock Exchange Regulation. [6] The derivatives clearing operations of OSE were integrated into Japan Securities Clearing Corporation.[6]
  • October 1, 2013 - Japan Securities Clearing Corporation merged with Japan Government Bond Clearing Corporation.[6]
  • March 24, 2014 - Osaka Securities Exchange Co., Ltd was renamed Osaka Exchange, Inc. The TSE derivatives market was transferred and integrated into OSE.[6]
  • April 1, 2014 - Tokyo Stock Exchange Regulation was renamed Japan Exchange Regulation.[6]
  • July 11, 2014 - JPX signed a comprehensive Memorandum of Understanding (MOU) with Bank of China Limited.[6]
  • November 1, 2014 - TSE and OSE opened a joint representative office in Hong Kong.[6]
  • December 4, 2014 - JPX concluded a Letter of Interest (LOI) with Singapore Exchange.[6]
  • December 23, 2014 - JPX signed a joint venture agreement with Daiwa Institute of Research Ltd., the research arm of Daiwa Securities Group, and Myanma Economic Bank to establish Yangon Stock Exchange.[6]
  • May 1, 2015 - TSE and OSE opened a joint branch office in Singapore.[6]
  • October 1, 2019 - JPX acquired Tokyo Commodity Exchange, Inc., which became a wholly owned subsidiary of the corporation.[6]

Subsidiaries

JPX is a corporate group formed by the holding company, Japan Exchange Group, Inc., and its subsidiaries:[7]

  • Tokyo Stock Exchange, Inc. - operator of the Tokyo Stock Exchange
  • Osaka Exchange, Inc. - operator of the Osaka Exchange
  • Tokyo Commodity Exchange, Inc. - operator of the Tokyo Commodity Exchange
  • Japan Exchange Regulation - self-regulatory body
  • Japan Securities Clearing Corporation - clearing house
  • Other consolidated subsidiaries

See also

References
  1. "Company Profile". Japan Exchange Group. Retrieved 2022-01-28.
  2. "Company Profile | Japan Securities Clearing Corporation". www.jpx.co.jp. Retrieved 2022-01-28.
  3. "Largest stock exchange operators worldwide as of June 2021, by market capitalization of listed companies (in trillion U.S. dollars)". Statista.{{cite web}}: CS1 maint: url-status (link)
  4. "Tokyo and Osaka stock exchanges to merge". BBC News. November 22, 2011. Retrieved May 10, 2013.
  5. "Japan approves merger of Tokyo and Osaka exchanges". BBC News. July 5, 2012. Archived from the original on 2012-07-07. Retrieved July 7, 2012.
  6. "History". Japan Exchange Group. Retrieved 2022-01-28.
  7. "Company Profile". Japan Exchange Group. Retrieved 2022-01-28.
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