Japan Exchange Group will strenght Market Monitoring of Cross-border Transactions
Japan Exchange Regulation (JPX-R) has issued a press release to announce that it will establish an International Surveillance Office to Strengthen Market Monitoring of Cross-border Transactions.
The office will also study regulations and trends outside Japan regarding unfair trading and seek cooperation with foreign self-regulatory organizations (SRO).
Orders originating from outside Japan today account for the majority on the Tokyo Stock Exchange (TSE) and Osaka Exchange (OSE) markets, and market surveillance of cross-border transactions is gaining importance in preventing unfair trading and maintaining market integrity.
As an entity entrusted with self-regulatory operations by TSE and OSE, JPX-R has pursued stronger cooperation with the Securities and Exchange Surveillance Commission (SESC) and enhanced channels for information exchange with foreign SROs through the Intermarket Surveillance Group and other industry bodies. The new ISO unit will prepare JPX-R for changes in the market environment and market dynamics due to factors including the spread of high frequency trading.
Specializing in cross-border transactions, ISO will conduct swift and accurate market surveillance in cooperation with SESC and foreign SROs. The office will also strengthen communication with market users outside Japan and advance JPX Asian Strategy as a member of the corporate group. ISO will engage in the following:
- Conduct market surveillance of cross-border transactions such as global offerings
- Exchange information related to market surveillance with foreign SROs
- Research regulations and trends outside Japan regarding unfair trading
- Enhance communication with market users outside Japan
- Advance JPX Asian Strategy
Establishment Date is the September 1, 2015.
