The trend has usually been from west to east as Asia-Pacific has been developing its financial centers over the years. Tokyo, Singapore and Hong Kong have been points of interest for US and European financial institutions looking to expand their foot hold. Japanese broker Nissan Securities has become a trading member of the Eurex Exchange. Nissan Century Securities is part of Unicom Group, the brokerage firm offers a wide range of brokerage services and aims to expand its service by connecting to leading international exchanges.
“We are honored to be the first Japan based brokerage firm to attain Eurex membership,” said Hideaki Futaya, CEO, Nissan Century Securities. “I believe we can better satisfy client needs by offering this new access in addition to our current memberships, which include JPX (TSE&OSE) and TOCOM.” Nissan Century Securities is the sole Japanese brokerage firm which that has “cross-over” memberships between financial and commodity exchanges in Japan.
“We are very pleased to welcome the first Eurex member from Japan,” said Michael Peters, member of the Eurex Executive Board. “By joining Europe’s largest exchange, Nissan Century Securities and its customer base now have direct and reliable access to our international trading network and our full product suite.” Eurex currently serves more than 430 members in 33 countries.
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The exchange has been active in Japan for several years. Since 2009, Eurex has been present in Japan with a Representative Office. Currently, it has around 20 exchange members and trading locations based in Asia and has established two Access Points in the region.
Eurex, one of the worlds top 3 exchanges, offers a wide range of equity, equity-index, and volatility-index exchange-traded funds, with credit derivatives, interest-rate derivatives, inflation derivatives, and CO2 derivatives.
The Eurex benchmark equity index EURO STOXX 50 is trading at 2,644.12.
Japanese FX broker Hirose recently set its eyes on the UK trading landscape and got approval under the UK’s FSA.
Forex Magnates is organising an FX industry conference in Tokyo this July.