Tokyo Financial Exchange

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Tokyo Financial Exchange
TFX logo.gif
Founded 1989
Headquarters Tokyo, Japan
Key People Shozo Ohta, President & CEO
Products Interest rates, forex
Website http://www.tfx.co.jp/en/index.shtml

The Tokyo Financial Exchange (TFX) offers futures contracts on short-term yen-denominated interest rates and yen-based forex cross rates. It also offers options on three-month euroyen futures.

Tokyo Financial Exchange was ranked as the 30th in terms of volume in 2015, according to the Futures Industry Association's annual volume survey. It posted 48.9 million contracts in 2015, up 19.8 percent from 40.9 million contracts in 2014.[1]

Background

The exchange was established in April 1989 under the Financial Futures Trading Law of Japan.[2] Because the Financial Futures Trading Law was abolished and the Financial Instruments and Exchange Law was enforced in September 2007, TFX transformed from a financial futures exchange into a more comprehensive financial exchange that handles any type of financial products.[3]

On June 22, 2009 the TFX gained 'recognized market operator' status from the Monetary Authority of Singapore (MAS), allowing Singaporean investors to become remote TFX members and trade its contracts directly.[4] In January 2010 the TFX was sued by a group of Japanese investors over a scandal involving German bank Commerzbank mispricing forex contracts between the South African rand and the Japanese yen.[5]

Products

Annual Volumes

Year Total Annual Volume Percent Change
2015 48, 985, 442 19.8%
2014 40,900,423 (-)37.6%
2013 65,527,790 (-)2.1%
2012 66,925,893 (-)53.8%
2011 144,901,960 19.5%
2010 121,278,095 44.9%
2009 83,678,044 --

Key People

Shozo Ohta is the President & CEO of the Tokyo Financial Exchange.


References

  1. {{{name}}}. Futures Industry.org.
  2. About TFX. TFX.
  3. What is TFX?. TFX.
  4. Tokyo Financial Exchange gets recognised market operator status in Singapore. Finetik.
  5. Japan : Commerzbank, Tokyo Financial Exchange sued for rand fiasco. TheFreeLibrary.com.

External links