January 10, 2013
Press Release No. 1
Agreement on Launch of S&P CNX Nifty
Futures in Japan
Japan Exchange Group, Inc.
(JPX) and India’s leading stock exchange, the National Stock Exchange (NSE),
today signed a letter of intent, on preparing for the launch of S&P CNX Nifty Index futures, a
representative stock price index of India, on the Osaka Securities Exchange
Co., Ltd. (OSE), a subsidiary of JPX.
Moving forward, both parties
will make preparations for the listing of yen-denominated S&P CNX Nifty Index
futures by March 2014, the integration
date of the derivatives markets of OSE and Tokyo Stock Exchange, Inc. (TSE), a subsidiary of JPX. This is the first time
that retail and institutional investors in Japan will be able to take a view on
the Indian markets, in addition to current ETFs, in their own currency and in
their own time zone. Investors will therefore not face any currency risk,
because they will not have to invest in dollar denominated or rupee denominated
contracts.
The letter of intent was signed
by Mr. Atsushi Saito, Group CEO of the Japan Exchange Group and Mr. Ravi
Narain, Managing Director & CEO of NSE, at a ceremony in Frankfurt.
Mr. Atsushi Saito, Group CEO of
JPX said, "We are very pleased to have concluded the letter of intent with
NSE, the largest exchange in India, which is one of the fastest growing
countries in Asia. Investors have been showing increasing interest in India,
and JPX and NSE have built a close cooperative relationship, which has already
borne the fruit of two ETFs that track the S&P CNX Nifty Index, listed on
the Tokyo stock exchange. JPX was established as the result of a business
combination between TSE and OSE on January 1 of this year and I am honored to work with NSE, in our first cooperative effort
with an overseas exchange, since the business combination.’’
Mr. Ravi Narain, Managing Director and CEO of NSE said, “Yen denominated
S&P CNX Nifty Index futures contracts will help investors in Japan to
effectively diversify their portfolios in their own currency. This new contract
will help small investors as well as large asset management companies to take a
view on a high growth market like India and reap the benefits of a globally
diversified portfolio. We are honored that it will be the first major contract that
the combined JPX group will launch, and wish them every success.”
■ Japan Exchange
Group, Inc.
Japan
Exchange Group, Inc., one of the leading exchange groups in the world, is a
holding company established on January 1, 2013 as a result of the business
combination between Tokyo Stock Exchange, the largest stock exchange in the
Asia-Pacific region, and Osaka Securities Exchange, a prominent derivatives
exchange of Japan. JPX listed its stock on TSE on January 4 of the same year.
The
combined stock markets of TSE and OSE reached approximately USD 3.5 trillion in
market capitalization (JPY 292 trillion) as of the end of November 2012. The
two exchanges also provide markets for major Japanese derivatives such as
Nikkei 225 futures, TOPIX futures and JGB futures.
For
further information about JPX, please visit our website at http://www.jpx.co.jp
■National Stock
Exchange of India Limited
National
Stock Exchange of India Limited (NSEIL), India’s largest exchange in equity and
equity derivatives segments was established in the mid 1990s as a demutualised
electronic exchange by leading Indian Financial Institutions. It offers
trading, clearing and settlement services in a range of products covering
various asset classes namely equity, debt, and derivatives on equity,
currencies and interest rates. NSE provides a modern, fully automated
screen-based trading system, and its trading platform is connected to 200,000
trading terminals, spread across more than 2000 towns and cities giving it an
extensive reach. NSE has played an important role in helping develop the Indian
securities market and in bringing about transparency, efficiency and market
integrity.
NSE’s
flagship index, the Nifty 50, is used extensively by investors and market
participants in India and around the world to take exposure to the Indian
equities market. The stock market capitalization of NSE reached USD1.25
trillion dollars on the 4th of January this year. .
For
further information about NSE, please visit NSE’s website at:
http://www.nseindia.com
NSE Media Contact Japan
Media Contacts
Divya
Malik Lahiri Corporate
Communications
Head
– Corporate Communications TEL:
+81-3-3666-1361
Email:
dlahiri@nse.co.in
Tel No. +91 22 26598148
Press Release No. 2
Clarification by Kolte - Patil Developers Limited
Substantial
increase in trading volumes have been observed in
Kolte - Patil Developers Limited.
The
Exchange, in order to ensure that investors have latest relevant information
about the company and to inform the market place so that the interest of the
investors is safeguarded, had written to the company.
Kolte
- Patil Developers Limited has vide its letter
inter-alia stated, "We hereby clarify you that there is no material
information/announcement (including pending announcement) which may have a
bearing on the price/volume behavior in the scrip".