Printer Friendly

OSE launches foreign currency margin trading market.

OSAKA, July 21 Kyodo

The Osaka Securities Exchange launched a foreign-exchange margin trading market Tuesday in a bid to strengthen its attractiveness by expanding the scope of financial products traded on the bourse.

The OSE-FX market offers nine types of currency exchange trading, including between the U.S. dollar and the Japanese yen, the euro and the yen, and the dollar and the euro.

The market offers investors the use of high leverage in currency exchange trading -- while requiring investors to keep a certain amount of deposit at the bourse, it allows investors to buy or sell currencies at a value much larger than the deposit amount.

Investors can engage in high-risk, high-return trades through changes in exchange values among different currencies.

Foreign currency margin trading has mostly taken place over the counter among specialized brokers. The OSE-FX market is the second publicly operated market in Japan on which foreign currency margin trading is available, following the Tokyo Financial Exchange.

The OSE-FX market is open in principle from Monday to Friday, opening from 7 a.m. each day through 6 a.m. the following day.

The Osaka bourse originally planned to launch the market in March, but the schedule was postponed twice due to delays in preparations at brokerage houses such as setting up necessary trading systems.
COPYRIGHT 2009 Kyodo News International, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Japan Weekly Monitor
Geographic Code:9JAPA
Date:Jul 27, 2009
Words:217
Previous Article:Kyodo economic news summary.
Next Article:Tokyo Stock Exchange: morning price list -1-.


Related Articles
OSE to allow trade in Nasdaq index-linked derivatives.
Osaka exchange, U.S. Nasdaq to cooperate in derivatives.
OSE, Nasdaq in talks on capital tie-up+.
CORRECTED: OSE, Nasdaq in talks on capital tie-up+.
Kyodo economic news summary.
Kyodo economic news summary -2-.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters