Online Newsletter

Latest Articles

TFX holds an explanatory meeting on “FX Clearing Scheme”

Posted on 2018.10.25

The members of “the Council of Experts on Managing Settlement Risks of FX Transactions for OTC FX Brokers”, established by the JFSA, discussed measures to mitigate risks arising from default of a counterparty which clears cover positions of OTC FX Brokers.

Read More

FIA Japan Celebrates 30th Anniversary

Posted on 2018.10.10

On September 11, FIA Japan organized two major events to celebrate the 30th Anniversary of the establishment of Futures Industry Association Japan. FIA Japan first hosted a seminar featuring CFTC Chairman J. Christopher Giancarlo, which was followed by a reception at the prestigious Meiji Kinenkan in central Tokyo. In addition to our members, many key figures from our industry attended the events, including FSA Commissioner Endo, METI Director General Fujiki, high ranking officials from other regulatory agencies, exchange CEOs and representative directors of financial institutions.

Read More

Market Development Committee - Discussions Started on ETF Market

Posted on 2018.09.20

Earlier this year we implemented a survey of FIA Japan members as to what our objectives for the fiscal year starting April 2018 should be. We received various interesting feedback, including on tax issues, but one of the common theme proposed was actually around the ETF market in Japan and how we could promote or support its further development.

Read More

New FSA Commissioner Endo Shares Insight on FSA Priorities and Other Regulatory Developments

Posted on 2018.09.14

Mr. Toshihide Endo is the Commissioner of the Financial Services Agency (FSA). Since joining the FSA in 2002, Mr. Endo has held various executive posts, including the Director-General of the Supervisory Bureau and Inspection Bureau, the Deputy Director-General of the Planning and Coordination Bureau. When he was the Director-General of the Supervisory Bureau, he leads supervision of banks, broker-dealers, insurance companies and the Deposit Insurance Corporation of Japan. As the Director-General of Inspection Bureau, he integrated the process of on-site inspection and off-site monitoring, aiming for an in-depth understanding of the financial institutions and the financial system in effective manner. Also, as the Deputy Director-General of the Planning and Coordination Bureau, he was responsible for overall policy making for the financial system and markets, and the supervision of securities exchanges. Prior to his posting to the FSA, Mr. Endo worked for the Asian Pacific Department and the Finance Department of the International Monetary Fund. Mr. Endo received a B.A. in Law from the University of Tokyo in 1982 and a M.Sc. in Economics from the London School of Economics (LSE) in 1986.

Read More

TFX Change of President & CEO

Posted on 2018.06.20

Tokyo Financial Exchange (TFX) announced that the board of directors decided the following change of President & CEO. This change is subject to the final approval at the ordinary general meeting of shareholders scheduled for June 26, 2018 and the board of directors’ meeting to be held thereafter.

Read More

【JPX】Osaka Exchange: Launch date of Flexible Options

Posted on 2018.05.24

On June 25, Osaka Exchange, Inc. (OSE) will introduce a new listed options trading method, Flexible Options, which meets the needs of institutional investors and brokers regarding OTC options trading. On the same day, OSE will also introduce index options pertaining to the TOPIX Banks Index and to the TSE REIT Index, for which only Flexible Contract Months will be traded, in response to the needs of market participants.

Read More

Japan Securities Clearing Corporation (JSCC) CEO Miyama Discusses Clearing Business

Posted on 2018.05.11

Hironaga Miyama is President & CEO of Japan Securities Clearing Corporation (“JSCC”) since June 2013. Prior to his current post, Mr. Miyama was Managing Director at Tokyo Stock Exchange (“TSE”) where he held numerous management roles ranging from the corporate planning department, system department, derivatives market department and stock department. Mr. Miyama graduated from Sophia University (Bachelor of Law) in 1978 then went on to work at TSE for 35 years. He was appointed as Director of the Derivatives Market Department from 2001 to 2003 where he successfully led a project to expand individual securities options and other trading products that aimed at providing greater investment alternatives and increasing market liquidity. After serving as Director of the Treasury Department and the Planning Department, he was appointed as Executive Officer in 2005, became a Senior Executive Officer in 2007 and was promoted to Managing Director in 2011.

Read More

FIA Japan Chairman Message - March 2018

Posted on 2018.03.28

Each year the arrival of spring brings FIA's Annual Futures Industry Conference to Boca Raton, and the shimmering beauty of cherry blossoms to Japan. Spring is traditionally a season of great significance and vibrant activity for both individuals and organizations in Japan: students graduate and search for their first jobs, while companies close their books for fiscal year-end, welcome new graduates into their ranks, and launch new corporate strategies. Spring is a forward-looking and constructive season, and as I reflect on the annual reawakening it brings, I'm sure it's connected with the joy we Japanese feel when our country is filled with these subtle yet extravagant blossoms.

Read More

CFTC Chairman Giancarlo Shares Update on Global Regulation Status and Developments

Posted on 2018.01.29

J. Christopher “Chris” Giancarlo was unanimously confirmed as Chairman of the U.S. Commodity Futures Trading Commission by the U.S. Senate on August 3, 2017. Prior to becoming Chairman, Mr. Giancarlo was designated Acting Chairman on January 20, 2017 and was nominated by President Trump to serve as the Chairman on March 14, 2017 to a term that expires in April 2019. Mr. Giancarlo had served as a CFTC Commissioner since his swearing on June 16, 2014, after a unanimous consent by the U.S. Senate on June 3, 2014. He was nominated by President Obama on August 1, 2013.

Read More