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JPX group companies undertake various initiatives and disseminate information with the aim of providing the most attractive markets to all users.
Every month, we showcase the highlights of these efforts in short and concise summaries just for you.
The event is now in its fourth year and features a number of attractions from lectures on the basics of stocks and derivatives along with seminars from industry experts through to economics lectures for parents and children. As a way to commemorate the 30th anniversary of equity index futures, OSE has also set up panel displays introducing important figures who contributed to the development of futures trading. OSE was able to count on the cooperation of local elementary schools and other organizations in filling the main hall with magnificent bamboo trees decorated with paper ornaments celebrating Tanabata (Japanese star festival), becoming the centerpieces that mesmerized a large number of visitors (until July 7).
On July 2, TSE launched the market making scheme in the ETF market.
At the end of July, five market makers provided bid and ask quotes for the relevant 100 issues under this scheme.
The spread has shrunk since this scheme was introduced, making it easier for investors to consistently trade ETFs at appropriate prices.
Alongside, on June 30, TSE and Nikkei Inc. jointly held an event on how to better utilize ETFs in investment. The event attracted more than 1,000 investors and highlighted the benefits and appeals of the ETF market making scheme and ETF investments.
TSE will continuously work on providing plans for new ETF-related programs and showcasing ways to incorporate ETFs into investment as part of its efforts to contribute to further revitalizing the ETF market.
TSE concluded a basic agreement with The Toho Bank, Ltd. for cooperative relationships concerning the capital market aiming to support the improvement of financial literacy and promote listings for regional companies mainly around Fukushima prefecture.
The central goals are to support companies in this region that aim at listing, exchange information and share knowledge in various fields related to the capital market, establish cooperative systems through personnel exchanges, and hold regular meetings to exchange opinions.
They will also provide information about the subsidy system that has been established by the prefectural government to support listings for companies in the prefecture.
TSE will continuously work together with regional financial institutions and make efforts to promote the further growth of local companies to revitalize regional economies.
JPX and London Stock Exchange Group plc (LSEG) have agreed to identify and collaborate on financial market infrastructure initiatives designed to promote global sustainable investment and on product marketing initiatives.
JPX and LSEG have begun identifying areas for mutual collaboration and innovation across the full spectrum of ESG investment finance. Both Groups want to further deepen ties in order to expand the range of services offered to listed companies and investors across capital markets in Japan, the UK, and globally. The initial focus will be on joint marketing activities to promote listing products, especially those related to ESG.
SBI Holdings, Inc., SBI BITS Co., Ltd., and NEC Corporation, in their capacity as members of the financial institution consortium studying distributed ledger technology (DLT), contributed to JPX Working Paper Vol.23 summarizing the results of PoC testing on the utilization of blockchain technology in KYC operations.
This PoC testing explored how the information sharing functions of blockchain technology might improve convenience for customers and efficiency of KYC operations for securities companies, which are required for such tasks as opening new accounts.
In order to find solutions for mutual issues in the industry, 15 securities firms and trust banks participated in the PoC testing and engaged in active discussion on methods for utilizing blockchain technology.
TSE and the Education Unit of the Investment Study at the Graduate School of Management of Kyoto University ("Kyoto University") have agreed to commence joint research for developing a new stock price index.
Kyoto University engages in empirical research based on theory and practices for securities investment, and TSE publishes Tokyo Stock Price Index (TOPIX) and other diverse indices. Both entities will combine strengths with the common goal of originating new stock price indices for the Japanese equity market.
While keeping in close consultation with market participants, TSE and Kyoto University will proceed with research aiming to finish formulating the basic framework for the new index by the end of FY2018.
JPX released its consolidated earnings report for Q1 of FY2018.
Operating revenue was up JPY 1.6 billion (+6.0%) year on year to JPY 29.5 billion due mainly to an increase in revenues from cash equities trading value as well as an increase in net asset value of ETFs.
Operating expenses were up JPY 900 million (+7.9%) year on year to JPY 12.9 billion due mainly to an increase in system-related costs.
As a result, operating income increased by JPY 900 million (+5.9%) to JPY 17.4 billion with net income (attributable to owners of the parent company) up JPY 700 million (+6.9%) to JPY 11.6 billion. Thus, both revenue and profit increased compared to the previous year.