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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 monthly clearing volume of interest rate swap transactions handled by Japan Securities Clearing Corporation (JSCC) in May 2024 reached JPY 314 trillion, setting a new monthly record for the third consecutive month since March 2024.
JSCC has been promoting measures to enhance user convenience and efficiency, including the expansion of cross-margining with listed interest rate products implemented in March of this year.
In addition to this, responding to increasing need for interest rate hedging among users following the Bank of Japan's monetary policy revision in March of this year, JSCC has continued to expand clearing volume for related products since March, reaching a record monthly high for three consecutive months through May.
For the first time in six years, the Sanno Festival, one of the three major Edo festivals, was held at Hie Shrine from June 7 (Fri.) to 9 (Sun.) of this year.
In Kabuto-cho, a patron region of Hie Shrine, employees of Japan Exchange Group ingratiated themselves to the community by joining employees of other local companies and local residents to carry the parade shrine in the mikoshi parade led by the Kabuto-cho Town Association on Friday, March 6.
At the East Entrance of the TSE Building, President Tsuchimoto of Heiwa Real Estate, Kabuto-cho Town Association Chairman Emoto, and JPX CFO Tabata Atsushi delivered remarks encouraging deeper community interaction and further revitalization of the town, and a grand “sashi” (ceremonially raising the mikoshi shrine high in the air) was performed to pray for the continued growth of Kabuto-cho.
There was also a children's float on Saturday, August 8, during which the TSE Central Lobby and North Entrance were offered as rest areas.
On June 19, Japan Exchange Group, Inc. (JPX) held its 23rd Annual General Shareholders Meeting.
At the meeting, JPX gave a report on the state of the business for FY2023 and future issues to be addressed and held a Q&A session with shareholders, after which the shareholders approved the resolutions.
In addition, JPX accepted questions related to announcements and resolutions from shareholders through its website ahead of the meeting and answered the questions they considered to be most high-interest for shareholders on the day of the event, while live-streaming the event for shareholders unable to attend in person.
JPX strives to engage in constructive dialogue with shareholders through opportunities like this in the interest of ensuring a long-lasting trusting relationship.
JPX Market Innovation & Research, Inc. (JPXI) has announced "Revisions of TOPIX and Other Indices" and begun soliciting opinions through index consultation.
TOPIX is widely used in Japan and abroad as a market average benchmark for the overall Japanese market. The assets linked to TOPIX as of March 31, 2023 are equivalent to approximately 10% of the total market capitalization of the Japanese stock market.
Using the opportunity provided by the market restructuring of Tokyo Stock Exchange in April 2022, JPXI has been working on revisions to enhance the functionality of TOPIX as an investable index. These revisions will be completed by the end of January 2025.
Then, as the next step, JPXI will make revisions to further enhance the functionality of TOPIX by, for example, extending its coverage to all market segments so that it broadly represents the Japanese stock market and conducting periodic reviews of its constituents with a greater emphasis on liquidity. At the same time, the continuity of TOPIX will be ensured, considering the index's widespread use in the management of investment trusts and pension trusts.
Opinions will be solicited until August 18, 2024. JPXI plans to announce the rules for the next-generation TOPIX by the end of September 2024.
At Osaka Exchange, the "JPX Kitahama Festa 2024" has started for what will be the tenth time.
The first event, a "Tanabata Wish" event with local roots intended to familiarize a broad demographic with the exchange, a bamboo decoration was set up in the first floor atrium, and this year wishes were written on strips of paper by students from three local kindergartens and three elementary and middle schools, as well as the general public.
In addition, on Friday, July 5, a night tour will be held to spread awareness of the exchange's continued activity during the nighttime.
Other "JPX Manebu Lab" events will include a “Parent-Child Economics Class in Kitahama,” seminars from experts, and a panel exhibition on the past and present of Kitahama.
Footage from events will be posted to official JPX social media accounts.