Japan Exchange Group (JPX) and Singapore Exchange (SGX) are to enter a Letter of Intent (LOI) to collaborate in the joint development and promotion of the markets on both exchanges.
This cooperation further deepens the long-standing relationship and strategic partnership between JPX and SGX. Under the LOI, JPX and SGX will jointly explore and collaborate in areas such as:-
• Examining the possibility of developing new derivatives products based on TOPIX;
• Collaborating the development of commodities markets on both exchanges;
• Enhancing international connectivity via co-location data centres in each market; and
• Facilitating greater understanding of both markets via promotional activities and efforts.
Japan Exchange Group CEO Atsushi Saito says: "We are very pleased to conclude the letter of intent with SGX as we have been working hard to develop collaboration to better serve our customers. This LOI is intended to deepen our continuous relationship especially in the derivatives and IT area. The most two leading exchanges in Asia will contribute to the further development of capital markets in Asia."
“This partnership dovetails well with SGX’s strength in connecting markets to open up more opportunities for investors. Today’s development amplifies the trust and commitment sealed between two exchanges for the growth of their markets. We are pleased to expand our partnership with JPX to cooperate in infrastructure and develop new derivatives and commodities offerings together to better satisfy the evolving needs of our global customers.” says Magnus Bocker, CEO of SGX.
Japan Exchange Group (Former Tokyo Stock Exchange) and Singapore Exchange have been developing general cooperation since 2000. SGX and JPX pioneered Nikkei 225 Index Futures to promote the Japanese capital markets. JPX also launched TOPIX Index Futures to complement the products line. These unique contracts remain as two of the most active and dominant equity futures contracts in Asia.
