Japan Exchange Group (JPX)
and Singapore Exchange (SGX) have said they will collaborate in the joint development
and promotion of each others’ markets.
This may include new derivatives products based on TOPIX, development of commodities markets on both exchanges and enhancing international connectivity via co-location data centres in each market.
Japan Exchange Group CEO Atsushi Saito said the letter of intent was intended to deepen the relationship, especially in the derivatives and IT area.
The pair have worked together in the past. SGX and JPX introduced Nikkei 225 Index Futures and JPX launched TOPIX Index Futures. The exchanges say that those products are still two of the most active and dominant equity futures contracts in Asia.