Online Newsletter
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. According to the final report published by the council, it is expected that adoption of CCPs will be facilitated as a measure to mitigate such risks. On the part of Tokyo Financial Exchange, Inc. (TFX), following investigation and drafting of a new scheme to clear FX broker’s cover deal (FX Clearing Scheme), TFX held an explanatory meeting on September 11 on the topic of FX Clearing Scheme for 67 participants from 34 firms including OTC FX brokers, financial institutions, etc.

In the meeting, TFX offered a summary of the FX Clearing Scheme and a system vender (who will provide services for the scheme) presented an outline of the system configuration.

TFX will introduce the scheme as soon as practicable in order to contribute to the soundness of the OTC FX margin trading market as a whole.  

Latest Articles

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


1519016215