Tokyo Financial Exchange

Tokyo Financial Exchange Inc. (TFX) was established in April 1989 under the Financial Futures Trading Law of Japan.In April 1989, TFX was established as a membership organization with the capital provided by large sized financial institutions from around the globe, and in April 2004, was demutualized and incorporated in order to strengthen corporate governance as well as to enhance convenience and transparency of the market. In addition, because the Financial Futures Trading Law was abolished and the Financial Instruments and Exchange Law, which was revised with the Securities and Exchange Law, was enforced in September 2007, TFX transformed from a “Financial Futures Exchange” that handles only financial futures, into a more comprehensive “Financial Exchange” that handles any kind of financial products.Under the new law, through responding to the needs of investors and promoting to develop the new lines of attractive products, TFX, as an advanced exchange, contributes to the growth of Japanese financial markets and is continuing to construct a reliable and leading market infrastructure.