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TOCOM approves MUFG Bank as broker member

Maria Nikolova 0 Comments August 30, 2024

Tokyo Commodity Exchange, Inc. (TOCOM) has today approved MUFG Bank, Ltd. as a TOCOM Broker Member.

MUFG Bank has also been approved by Japan Securities Clearing Corporation (JSCC) for an Energy Futures Clearing Qualification on the same date.

MUFG Bank will be the 10th Broker Member of TOCOM and the 11th Energy Futures Clearing Member starting from the scheduled Membership acquisition date of September 6, 2024, and will become able to offer services from brokerage to clearing of TOCOM’s Electricity (Power) Futures to both local and global market participants.

MUFG Bank will be the first company to acquire a Broker Member qualification from TOCOM since the merger of Japan Exchange Group, Inc. (JPX) and TOCOM in October 2019.

Maria Nikolova

Maria has been engaged in journalism for more than 17 years, providing Forex industry coverage for the past 10 years. Before joining FNG she was Managing Editor at FinanceFeeds. Prior to that, she worked at LeapRate. Maria has a Philosophy degree from the St. Kliment Ochridski university in Sofia. She has specialized in Cognitive Science in Vienna. Her interests include psychology, AI, and linguistics.