Magnus Bocker, CEO, SGX
"This partnership dovetails well with SGX's strength in connecting markets to open up more opportunities for investors."
Japan Exchange Group and Singapore Exchange will enter a Letter of Intent to collaborate in the joint development and promotion of the markets on both exchanges. This cooperation further deepens the long-standing relationship and strategic partnership between JPX and SGX.
Under the LOI, JPX and SGX will jointly explore and
collaborate in areas such as:-
- Examining the possibility of developing new derivatives products based on TOPIX;
- Collaborating the development of commodities markets on both exchanges;
- Enhancing international connectivity via co-location data centres in each market; and
- Facilitating greater understanding of both markets via promotional activities and efforts.
Japan Exchange Group CEO Atsushi Saito said, "We are very pleased to conclude the letter of intent with SGX as we have been working hard to develop collaboration to better serve our customers. This LOI is intended to deepen our continuous relationship especially in the derivatives and IT area. The most two leading exchanges in Asia will contribute to the further development of capital markets in Asia. "
"This partnership dovetails well with SGX's strength in connecting markets to open up more opportunities for investors. Today's development amplifies t he trust and commitment sealed between two exchanges for the growth of their markets. We are pleased to expand our partnership with JPX to cooperate in infrastructure and develop new derivatives and commodities offerings together to better satisfy the evolving needs of our global customers." said Magnus Bocker, CEO of SGX.