Japan Exchange Group
It is a holding company for a Japanese financial instruments exchange. Japanese derivatives are purchased, sold, and exchanged on this market.
What is the Japan Exchange Group?
The Japan Exchange Group, Inc. (JPX) is a holding company for a Japanese financial instruments exchange. Japanese derivatives are purchased, sold, and exchanged on this market.
It offers listed firms the financial instrument market infrastructure needed to raise the money they require. It also provides investors with a place to manage their financial holdings.
Its main revenue sources are trading, listing, and clearing services. These are from fees collected from those issuers, vendors, and securities firms.
It is governed by the Financial Instruments and Exchange Act's rules and regulations, which are upheld by the Financial Services Agency.
Note
As of 2023, it is the 3rd-largest stock exchange operator in the world. It ranks behind the NYSE and NASDAQ.
Subsidiaries of the Japan Exchange Group
JPX is a combination of three large corporations: Tokyo Stock Exchange, Inc. (TSE), Osaka Exchange, Inc. (OSE), and Tokyo Commodity Exchange, Inc. (TOCOM). It began on January 1, 2013, as a merger between TSE and OSE. Then, it acquired TOCOM in 2019.
The TSE/OSE merger gave JPX a huge presence in Japanese securities and derivatives exchanges. In addition, acquiring TOCOM helped it expand into the commodities market, becoming the largest stock exchange in Asia.
JPX also has other subsidiaries. These being:
- JPX Market Innovation & Research, Inc. (JPXI), its IT services and research division
- Japan Exchange Regulation (JPX-R), a self-regulatory body
- Japan Securities Clearing Corporation (JSSC), a central clearing counterparty
Note
As of 2023, it has a market capitalization of $4.48 trillion.
Of these six subsidiaries, TSE, OSE, and JPX-R are the three main ones.
TSE functions as the central equities marketplace of Japan. This is where the largest portion of the total liquidity of JPX is. Over 3,500 companies are listed here.
OSE is the derivatives market. However, this marketplace is exclusively digital. Some of the derivatives found on the OSE include volatility indexes, foreign and local equities indexes, and interest rate products, among others.
The JPX-R oversees all trading operations on JPX. It is in charge of maintaining the integrity of the marketplace.
Japan Exchange Group FAQs
The Japan Exchange Group (known in Japan as Nippon Torihikijo) is a holding company for a Japanese financial instruments exchange. Japanese derivatives are purchased, sold, and exchanged on this market.
JPX consists of 3 main subsidiaries and three other subsidiaries. Its main subsidiaries are:
- Tokyo Stock Exchange, Inc. (TSE)
- Osaka Exchange, Inc. (OSE)
- Japan Exchange Regulation (JPX-R)
Its other subsidiaries are:
- Tokyo Commodity Exchange, Inc. (TOCOM)
- JPX Market Innovation & Research, Inc. (JPXI)
- Japan Securities Clearing Corporation (JSSC)
The JPX is the 3rd-largest stock exchange operator in the world. As of 2023, it has a market capitalization of $4.48 trillion. Some of the largest automotive and tech companies, such as Toyota, Mitsubishi, and Sony, are traded here.
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