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| Home : Yokohama Mercantile Exchange (YKMEX) announced today a new three-year Midterm Management plan covering fiscal 2013 through fiscal 2015 |
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Jul 15
2013 |
Yokohama Mercantile Exchange (YKMEX) announced today a new three-year Midterm Management plan covering fiscal 2013 through fiscal 2015 |
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The YKMEX (www.ykmex.org) has adopted annual, rolling updates of its three-year Midterm Management Plan in order to quickly address changes to the business environment. |
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The YKMEX (www.ykmex.org) has adopted annual, rolling updates of its three-year Midterm Management Plan in order to quickly address changes to the business environment.
The average daily volume for fiscal 2012 was 108,000 contracts, down 14%. The Euro zone crisis and the global economic slump created anxiety that persisted through fiscal 2012. This resulted in risk-averse behavior across markets.
Toward the end of fiscal 2012, market sentiment in Yokohama began leaning toward an expected recovery, in part due to a devaluation of the JPY and subsequent advance of stock prices. These positive trends are pushing volumes up on Yokohama Mercantile Exchange's market as well. In the long-term, however, it is unclear whether these trends will continue.
The Midterm Management Plan rests on six pillars that, with determination, will be used to incrementally implement various measures. The core strategy of YKMEX is to increase trading volume by attracting a diverse set of market participants and promoting participation through more and varied market intermediaries.
• Market Participants: Strengthen sales efforts to attract a diverse set of YKMEX market participants;
• Product lineup: Enhance YKMEX's product portfolio;
• Market design: Further improve YKMEX market convenience and reliability;
• Business base: Bolster the business base in ways that promote commodity market growth;
• Clearing services: Further develop and strengthen YKMEX's clearing functionality;
• Support Image: Support the image of commodity futures trading in Yokohama
In addition, Yokohama Mercantile Exchange will pursue further cost reduction to reduce overhead (i.e., reduce the level of trading volume needed for operations to remain profitable) through a fundamental review of the cost structure.
Yokohama Mercantile Exchange (www.ykmex.org) is one of the fastest growing global operator of financial markets and a provider of innovative trading technologies. With partners and members in the Asia, US and Europe, YKMEX derivatives and equities marketplaces represent a good fraction of derivatives and equities trading worldwide. Its commercial technology division, YKMEX Technologies provides best-in-class transaction, data, and infrastructure management services and solutions. |
| Source:http://www.1888pressrelease.com/yokohama-mercantile-exchange-ykmex-announced-today-a-new-t-pr-480795.html |
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