Private exchanges funded by Japanese financial giants such as SBI holdings and Sumitomo Mitsui Financial Group will open later this month. The exchange will be open longer than the East stock exchange and can buy and sell shares. The market participation after the opening will attract attention. According to relevant sources, the "Osaka digital exchange", a private exchange operating company funded by SBI holdings, Sumitomo Mitsui Financial Group, Nomura holdings and Daiwa Securities Group, will open on the 27th of this month. The company has decided to carry out stock trading and other trading businesses.
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The business hours of the exchange are from 8:20 a.m. to 4:00 p.m. on weekdays. Compared with the Tokyo Stock Exchange, the time is longer for trading stocks and ETFs.
At the same time, the company plans to adopt the blockchain technology of decentralized custody of transaction data to realize digital securities trading next year, which will be the first time in Japan.
In the past, Japan's stock trading was regulated to be conducted in the East stock exchange. However, due to Japan's relaxation of regulatory requirements, there are currently two private exchanges in Japan.
Market stakeholders said that due to the system failure that occurred the year before last, the trading of the Tokyo Stock Exchange was forced to stop all day. Therefore, there are voices in the market calling for the cultivation of alternative markets. The new private exchanges participated by financial giants have been opened one after another, and the impact will attract much attention.