The Tokyo Commodity Exchange is considering two proposals for introducing an over the counter derivatives clearing service.
Mitsuhiro Onosato, executive officer for business planning, told Futures and Options Intelligence that Tocom has found growing demand for OTC clearing services in Japan. But as the country does not have a clearing house to clear such trades, opportunities have slipped away.
“We have acknowledged the growing demand for OTC clearing services in Japan, like elsewhere in the world, and we are studying how we can launch a business responding to...