Dojima Exchange(ODEX) held its general meeting and board of directors on June 26, and approved the new executive structure, including the appointment of the executive director of SBI SECURITIES Co., Ltd., Hiroyuki Ogawa as a director. Mr. Wataru Ariga was appointed as president, and the auditor of SBI VC Trade Co., Ltd. and former Ministry of Finance employee, Katsumi Kitahara, and the managing executive officer, and the secretary general of Japan Security Token Offering Association and former executive director of Japan Investor Protection Fund, Koichi Hirata were appointed newly as outside directors.
The executive chairman, Tatsuo Shigemitsu and the outside director, Tatsuo Yamazaki remained. Japanese

The Futures Commodity Association of Japan－Chairman Inagaki Remains，Budget Scale of 150 Million Yen

The Futures Commodity Association of Japan(FCAJ), that is a self-regulatory organization in the commodity futures industry in Japan, held its general meeting on June 20 and approved new directors, changed income and expenditure budget, etc. in FY 2024 (April 2024－March 2025).
Regarding executive personnel affairs, the chairman, Ryuichi Inagaki (Lawyer) remained, and of the 12 directors and the 3 auditors, 2 people were newly appointed. Budget scale was expected to be 150 million yen based on membership fee income, and regarding expenses, business expenditure such as self-regulatory business was expected to be 70 million yen, administrative expenditure such as staff salary to be 80 million yen. Japanese

Permanent Listing of Rice Futures Has Been Realized－Unusually Quick 3 Years Since The Last Disapproval

On June 21, the Ministry of Agriculture, Forestry and Fisheries (MAFF) and the Ministry of Economy, Trade and Industry (METI) approved permanent listing of rice futures, that was applied by Dojima Exchange (ODEX) in this February,. In the morning on the same day, the joint meeting of Research Commission on Comprehensive Agriculture and Forestry Administration, and Agriculture and Forestry Division in Liberal Democratic Party (LDP) was held and agreed to approve the application. In the afternoon, the approval was notified to ODEX and the exchange announced the approval on its website at 5 p.m. It is expected to begin around this August.
The previous rice futures began on Tokyo Grain Exchange (TGE) and Kansai Commodity Exchange (ODEX at present) as trial listing respectively. However, due to financial difficulties at TGE, rice futures on TGE was transferred to ODEX in February 2013. After that, rice futures on ODEX went through four trial listings, August 2013, August 2015, August 2017 and August 2019, and then, although ODEX applied for its permanent listing in August 2021, it was disapproved. Japanese

47 OTC FX Traders in Japan－Trading Value in May of 1 Quadrillion 113 Trillion 192 Billion Yen

According to the Over-The-Counter (OTC) Forex (FX) monthly preliminary report announced by The Financial Futures Trading Association of Japan, trading value traded in May by customers of 47 OTC FX traders was 1 quadrillion 113 trillion 192 billion 200 million yen (18.1 percent up from April and 22.2 percent up year on year). Trading value in short positions at the end of May was 4 trillion 2 billion 900 million yen, trading value in long positions at the end of May was 4 trillion 813 billion 400 million yen, and 8 trillion 816 billion 300 million yen in total (1.5 percent up from April and 0.7 percent down year on year). Japanese

Wataru Ariga, Operating Officer Becomes New President of ODEX

Dojima Exchange (ODEX) announced personnel on June 11 in which the operating officer, Wataru Ariga will become the next president in place of the current president, Masashi Murata.
Mr. Ariga was from The Norinchukin Bank, served as its executive officer, etc., joined ODEX as operating officer in February this year, and 62 years old now.
ODEX, that became a company limited in April 2021, applied for permanent listing of rice futures in July 2021 under the first president at that time, Kazuhiro Nakatsuka who was the former minister of finance, however, it was disapproved for political reasons. Mr. Masashi Murata who was from SBI Securities and took over as president of ODEX in June 2022 achieved the listing of precious metals such as gold, silver and platinum, and will pass the baton of president to Mr. Ariga.  Japanese

CFAJ Added 1 Member to 36 Members

The Commodity Futures Association of Japan (CFAJ), that is a regulatory organization in the commodity futures industry in Japan, announced on May 30 that Dukascopy Japan K.K.(Ginza Square 6F, 2－14－4, Ginza, Chuo-ku, Tokyo, Representative of directors・Noriyuki Fujita, Veronica Duca and Dmitri Kugel ) became a member of CFAJ as over-the-counter derivatives trader.
The company was founded in May 2009 as a wholly owned subsidiary of Dukascopy Bank SA in Switzerland, and has a qualification of type I financial instruments business operator. Japanese