OSE to get shorter name in March

Kyodo

Osaka Securities Exchange Co. will be renamed Osaka Exchange Inc. in March, said Atsushi Saito, chief executive officer of Japan Exchange Group Inc.

The name change is timed to coincide with the integration of the derivatives operations of Japan Exchange’s two key units — the Tokyo Stock Exchange and OSE. The cash stock operations of the two bourses were consolidated at the TSE in July.

To ensure the integration of the derivatives operations goes smoothly, Yoshinori Suzuki, executive vice president in charge of system operations at Japan Exchange, will concurrently take up a similar post in charge of information technology at the OSE next Tuesday, according to Saito.

TSE is currently running a proprietary trading system different from the one used by the OSE — developed by the U.S. Nasdaq OMX Group Inc. — and Japan Exchange “does not have a plan to integrate them within a few years,” Saito said.