Tokyo Commodity Exchange’s Ezaki Says Talks With CME Continue

Tokyo Commodity Exchange Inc. remains in talks with CME Group Inc. about the possibility of sharing trading systems, President Tadashi Ezaki said.

Ezaki, who met CME Chief Executive Officer Phupinder Gill yesterday over lunch in Tokyo, told reporters today he would like to make a decision as soon as possible, without providing any specific time frame.

Tocom, as the bourse is commonly referred to, is also talking to other potential partners including Japan Exchange Group Inc. (8697), Ezaki said, without giving any other names. Japan Exchange was created through the integration of Osaka Securities Exchange Group Inc. and Tokyo Stock Exchange Group Inc.

In an interview on Feb. 1, Ezaki said that the largest Japanese raw-material bourse was talking with U.S. competitors to integrate trading systems and attract more participants from overseas.

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