The Japan Exchange Group (JPX) and the Singapore Exchange (SGX) have announced a collaboration on the joint development and promotion of both markets and on both exchanges.
The exchanges will work together to explore new derivatives products, develop of commodities markets, improve international connectivity, and promote increased understanding between the markets.
JPX CEO Atsushi Saito said, "We have been working hard to develop collaboration to better serve our customers. This […] 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 is the latest development in a long-standing strategic partnership between the two exchanges. They have been working together since 2000, and have launched the Nikkei 225 Index Futures to promote the Japanese market, and the TOPEX Index Futures, designed to complement existing product lines.
Magnus Bocker, CEO of SGX, said “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.”
