International exchange group Deutsche Börse has opened a representative office in Tokyo to provide a local hub for Eurex, its derivatives exchange, and its Market Data & Analytics unit.
“The new presence in Japan will significantly improve our local customer service and foster our direct relations with Japanese market participants,” said Michael Peters, responsible for the Asian business expansion of Deutsche Börse and member of the Eurex Executive Board. “It is also a sign of our strong commitment to the most important financial centre in Asia, in which close relationships with key institutions have already been established.”
Nagayoshi Miyata, who joined Eurex in 2007, will be Deutsche Börse‘s chief representative in the new office. Deutsche Börse opened a representative office in Beijing in December 2008, while Eurex’s Hong Kong office has been operational since February 2009. The group’s post-trade subsidiary, Clearstream, has been present in Japan since 2007.