Thursday, April 19, 2007

Tokyo Commodity Exchange Says Japan Market Merger Plan May Increase Costs

(Bloomberg) -- The Tokyo Commodity Exchange, Japan's largest commodities bourse, said a proposal to merge the nation's financial markets to attract global investors could increase expenses.

Combining exchanges with different areas of expertise and different reasons for their existence would make the organizations more complex, and increase operating costs, Masaaki Nangaku, the chairman of the Tokyo Commodity Exchange said at a press lunch yesterday.


Read more at Bloomberg Energy News

No comments: