NEX Data creates FX margin ratios for the Financial Futures Association of Japan
11 May 2017
NEX Data is working in conjunction with NEX Markets to produce new FX margin ratios that are core to meeting new Japanese regulatory requirements
Tokyo, London - NEX Data, a NEX Group business which delivers independent market intelligence and price information for OTC data, announces today that it has been mandated by the Financial Futures Association of Japan (FFAJ) to create foreign exchange (FX) margin ratios for 170 currency pairs. Launched in February 2017, the FX margin ratios support the derivatives margin calculations which Japanese retail brokers now have to provide to local authorities’ following the new regulations which kicked in on 27 February 2017.
Using underlying data taken from NEX Markets’ FX Central Limit Order Book (CLOB) EBS Market as a primary source in addition to third party sources, the FX margin ratios are used to support the provision of accurate and transparent data in the Japanese retail market.
The new FX margin ratios are published on the FFAJ's website to Japanese market participants and individual investors with NEX Data’s indices business acting as the outsource provider to create and maintain the required underlying margin ratio and rates. NEX Data is applying its technological expertise in the creation of indices by accessing and leveraging NEX Markets’ strength in the Japanese currency market. Users will also be able to download the margin ratio data via NEX Data’s secure File Transfer Protocol (FTP) site.
Kevin Taylor, Managing Director, NEX Data, said: “It is a huge honour to work with the FFAJ on this ambitious project. The need for transaction-backed data continues to grow in order to provide the required transparency in financial markets. At NEX we create robust indices and provide a wide variety of data services. The ability to create a full suite of FX margin ratios demonstrates that we have the technology, the skill and the underlying data through NEX Markets and other providers to offer much needed services to the Japanese market.”
NEX Data’s long-standing experience in creating indices, combined with the strength of the data available via EBS Market, ensures the FX margin ratios are backed by the some of the best data and technology available.
Additional services to provide FFAJ members with automated ways of integrating the data into their systems are available from NEX Data, please contact firstname.lastname@example.org for further information.
Fumi Suzuki, Ashton Consulting (Japan)
81 3 5425 7220
Michelle Gathercole, Argentus PR (UK)
+44 (0) 20 7397 2913
Stephanie Dilorio, Intermarket Communications (US)
+1 212 754 5181
NEX Data A NEX Group business. NEX Data operates within NEX Optimisation which helps clients simplify complexity and optimise resources. We are a market intelligence & price information service delivering independent OTC data for real-time, end-of-day and historical products. Our data covers the transaction lifecycle and allows clients to execute efficiently. There are over 400 million updates per day and constant advances in our product sophistication. We provide the intelligence behind algorithmic trading, research models, risk and compliance applications, and portfolio pricing and management.
For more information, go to www.nexdata.com
NEX Markets A NEX Group business, NEX Markets helps customers access liquidity and execute efficiently. We operate at the heart of the foreign exchange and fixed income global markets providing electronic trading technology and services. We offer access to multiple execution options, valuable liquidity from diverse sources and help execute transactions efficiently. Our financial technology, platforms and products are continuously evolving to meet the needs of a globally diverse community of professional traders who depend upon our services. For more information, go to www.nexmarkets.com
NEX Group plc offers customers better ways to execute trades and manage risk. Our products and services underpin the entire trade lifecycle pre-, during and post-execution. Our electronic trading platforms are industry standards. Customers use our lifecycle management and information services to optimise portfolios, control risk and reduce costs. We partner with emerging technology companies to bring greater efficiency, transparency and scale to the world’s capital markets. NEX is headquartered in London with offices worldwide. NEX. Empowering markets. For more information, go to www.nex.com