The Tokyo Grain Exchange said it had discussed the possibility of a merger with the Tokyo Commodity Exchange, confirming rumours that have been circulating for months.
Watanabe, president of TGE, admitted that talks were
While TGE has previously denied that it is
seeking a merger with Tocom, Tadashi Ezaki, chief executive of
Japan’s largest commodity bourse, said back in
March he would be interested in listing three of
TGE’s most active futures.
Speculation has surrounded
Japan’s commodity exchanges in recent years.
Market participants have cited a number of reasons for the
decline of the market, but chief amongst them is the
fragmentation of the country’s domestic commodity
market into four commodity bourses.