OSE raises earnings forecast, looks for international tie-up
Japan’s largest derivatives market, the Osaka Securities Exchange, has reported a profit of ¥1.8bn ($20m) for its third fiscal year quarter, 26% down on year on year. Total revenues for the three quarters ending December 31 reached ¥17.6, up 20% year on year.
Overall, the bourse raised its forecast for total revenues to ¥22.5bn, and upgraded its group net profit projection for the fiscal year to ¥5.8bn, up from ¥5bn.
Separately, the FT reports that the group is considering an international alliance to increase its competitiveness, and is willing to consider a capital tie-up.
In September 2008, the bourse signed a memorandum of understanding with the Chicago Mercantile Exchange, agreeing to “create additional trading opportunities and increase access to more markets for the customers of both organizations,” as CME group chairman...