Tokyo Financial Exchange

From MarketsWiki
Jump to: navigation, search
RJO-logo.gif
Tokyo Financial Exchange
TFX logo.gif
Founded 1989
Headquarters Tokyo, Japan
Key People Nobuyuki Kinoshita, President & CEO
Products Interest rates, forex
Website https://www.tfx.co.jp/en/

The Tokyo Financial Exchange (TFX) offers futures contracts on short-term yen-denominated interest rates, yen-based forex cross rates and equity index futures.[1]

Tokyo Financial Exchange was ranked as the 30th in terms of derivatives volume in 2018, according to the Futures Industry Association's annual volume survey with 38.8 million contracts traded in 2018, up 0.9 percent from a year earlier.[2][3]

Background

The exchange was established in April 1989 under the Financial Futures Trading Law of Japan.[4] 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.[5]

In 2007, TFX switched from a financial futures exchange into a more comprehensive financial exchange, however, as of 2018, the exchange was only offering financial futures contracts.

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.[6] 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.[7]

Products

Annual Volumes

Year Total Annual Volume Percent Change
2018 38,833,350 0.9%
2017 38,478,945 (-26.1%)
2016 52,086,497 6.3
2015 48,986,442 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


References

  1. Our Business. TFX.
  2. 2017 Exchange Volume Survey. Futures Industry.org.
  3. 2018 Annual Volume Survey. Futures Industry.org.
  4. About TFX. TFX.
  5. What is TFX?. TFX.
  6. Tokyo Financial Exchange gets recognised market operator status in Singapore. Finetik.
  7. Japan : Commerzbank, Tokyo Financial Exchange sued for rand fiasco. TheFreeLibrary.com.

External links