The Japanese Government has issued a proposal to combine the trading of commodity futures and financial derivatives at a single trading venue by 2013.
Details have yet to be finalised but one possible solution highlighted would be to create a new exchange, partly capitalised by the state.
This idea, tentatively called the East Asia Exchange, is part of Japan’s effort to develop its futures and options markets, which once hosted a fifth of global trading. In 2009 that proportion was a...