JPX Announces Its Plan to Establish a New Subsidiary

Japan Exchange Group, Inc. (JPX) announced today that it will restructure the organization of the group and establish a new subsidiary, which is tentatively incorporated during December 2021 and commenced its business during April 2022.

According to the exchange, it sees that changes in the external environment are rapidly proceeding, such asthe movement toward creating a market that is separate from the traditional financial and capital market frameworks using new digital technologies such as blockchain.

JPX said that the launch of the new subsidiary is to respond appropriately to such external changes and further accelerate work toward diversifying the businesses and advancing sophistication of their services.

“In order to establish a group structure which can radically strengthen and accelerate such initiatives, we have decided to restructure the organization of our group to establish a new company,”the company stated.”

“Alongside our commitment to stable market operation by our exchanges, self-regulatory organization and clearing organization, the entire JPX Group, led by the new company, will pursue the creation of market services that will improve the functionality and efficiency of the whole market, thereby exercising its function of underpinning the sustainable growth of Japan’s economy as a core infrastructure of the financial and capital market,”JPX added.

As Fazzaco reported earlier, London Stock Exchange Group (LSEG) and JPX are expanding their existing partnership​ by developing climate indices based on the TOPIX 500 which provides diversified exposure across the Japanese stock market.