Creating Japan's largest derivatives exchange – Osaka Exchange profile

Cross-product margining opportunities and continued interest in Japan sees exchange president Hiromi Yamaji feeling bullish

Hiromi Yamaji, Osaka Exchange

The decision to merge the Osaka Securities Exchange and Tokyo Stock Exchange (OSE and TSE respectively) was made two years ago, and so far the deal's timing appears to be perfect. While the two exchanges merged to form the Japan Exchange Group (JPX) on January 1 last year, their respective cash equity business was amalgamated under one roof in Tokyo last July – halfway through the biggest bull run in Japan stocks in 41 years which saw the benchmark Nikkei 225 index go up by 57% in 12 months (see