Tokyo and Osaka Bourses Merge as Japan Exchange Group
The merge is more of an administrative than operational move at present, with cash equities trading set to take place under the new aegis from July 2013. Derivatives trading, which will remain primarily based in Osaka, will be consolidated by March 2014.
No statement was issued by either the TSE or OSX. The company CEO and OSX president, Michio Yoneda, has said that he will pursue a tie-up with the Tokyo Commodities Exchange in the future, which will effectively centralize all financial trading in the group. Japan Exchange Group will list on the TSE on January 4 2013, when the market re-commences trading in the new year.
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