Japan Exchange Group (JPX) has revealed plans to transform its equities market and expand its derivatives offering in its latest management plan.
In its medium-term management plan, which is expected to play out over the next two years, JPX said the integration of its stock exchanges offers the opportunity to reenvision the Japanese stock market as a play to develop the wider Asian economy.
Its plans include the introduction of a new governance code, approve last month, expansion of ETF products and establishing its JPX-Nikkei 400 as a key equity benchmark. Additionally, it will also work to increase listing numbers.
Beyond Japan, the group has plans to support the establishment of a stock exchange in Myanmar, develop a China strategy and export its infrastructure to other regional markets to help foster development across the Asia Pacific.
Expanding its derivatives market will involve combining trading infrastructure capabilities from both the Tokyo Stock Exchange and the Osaka Stock Exchange.
JPX has outlined plans to develop a range of new products, including Nikkei 225 weekly options, on both its existing systems and new products on its J-GATE trading system. The group will also begin offering commodity derivatives and is considering interest rate and currency deriatives as part of longer-term plans in the derivatives space.
A refreshed J-GATE is set to be launched in mid 2016 with both new products and rules.