Japan Exchange Group Starts Operations

Japan Exchange Group Starts OperationsJapan Exchange Group Inc. <8697>, launched to unify the country's two largest exchanges, started offering trading services on Friday, the first market day of 2013, intending to become Asia's top destination for global investors. 

"We aim to be Asia's No. 1 exchange that will be selected by investors from around the world," the exchange operator's Group Chief Executive Officer Atsushi Saito said at a ceremony to mark the start of this year's trading.
"We hope to help revitalize the capital market and revive the Japanese economy," Saito, former president of Tokyo Stock Exchange Group Inc., added.
Japan Exchange Group, a holding company, was established on Tuesday to integrate TSE and Osaka Securities Exchange Co.
It controls TSE, OSE, Tokyo Stock Exchange Regulation, which is in charge of self-regulatory operations, and Japan Securities Clearing Corp.