Company reported 5% jump in profit on the back of a cost reductions
The Japan Exchange
Group (JPX) has become the first Asian exchange to pledge to
launch cross-margining of interest rate products, a service
that is established in the US and generating interest in
The exchange has set September for the
launch of cross margining for yen-denominated interest rate
products and clearing of foreign denominated interest rate
swaps, according to a management plan released on Tuesday.
JPX said its was
looking to expand its over-the-counter clearing business to
counteract the threat of major US and European clearing houses
entering the market.
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