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".