SGX inks deal to intensify collaboration with Japan Exchange

How will the deal benefit local traders?

The Singapore Exchange has inked a letter of intent with the Japan Exchange 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 and collaborating the development of commodities markets on both exchanges.

The LOI will also facilitate the enhancement of international connectivity via co-location data centres in each market and create greater understanding of both markets via promotional activities and efforts.

Japan Exchange, formerly known as the Tokyo Stock Exchange, have been developing general cooperation with the SGX 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.