Cboe Global Markets has agreed to acquire a minority equity ownership stake in Japannext through a purchase of shares from SBI Holdings.
SBI will transfer its 14.8% ownership interest in Japannext to Cboe, subject to regulatory approval.
“Cboe, a global trading solution provider and market operator, will become a new shareholder of Japannext. We believe that this will promote innovation in the Japanese capital markets in ways that increase competitiveness, reduce trading costs and provide more choices for investors,” confirmed Masakatsu Yamada, representative director and chief executive at Japannext.
Japannext provides financial services and market solutions focused on operating an alternative market.
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“Japan is one of the world’s largest and most important capital marketplaces and this investment reaffirms Cboe’s strong commitment to Japan,” said Fred Tomczyk, chief executive at Cboe Global Markets.
“We believe this investment will help us strengthen our relationships within the industry and expand our presence beyond our ownership of Cboe Japan, which we plan to continue to operate independent of Japannext.”