Cboe Global Markets to acquire 14.8% stake in Japannext Securities from SBI Holdings
Japannext Securities, a leading financial services provider operating a Proprietary Trading System (PTS), has entered into an agreement with SBI Holdings and Cboe Global Markets, a leading operator of derivatives and securities exchanges worldwide, for the transfer of shares in Japannext Securities. Under the agreement, subject to regulatory approvals, SBI Holdings will transfer 14.8% of its shares in Japannext Securities to Cboe.
In October 2022, Cboe Global Markets and SBI Holdings had signed a Memorandum of Understanding whereby they have agreed to discuss potential business collaboration opportunities in the areas of traditional and digital finance.
The MoU was intended to lay the foundation for the potential exchange of resources and information with respect to pursuing cooperation and planned joint business initiatives between the two firms in equities, digital assets, and other financial products and services, subject to any applicable regulatory approvals. The MoU created the opportunity for Cboe and its Japanese equities market, Cboe Japan (formerly Chi-X Japan), to potentially reach additional investors and expand its presence in the Asia Pacific financial markets, and for SBI to leverage Cboe’s expertise in equities and digital assets in an effort to expand its offering and global distribution network.
Cboe is also an investor in ODX, the Osaka Digital Exchange created by SBI, in November 2023.
“We are delighted to welcome Cboe, a global market operator and trading solutions provider, as a new shareholder in Japannext Securities. We are committed to further enhancing the competitiveness and evolution of Japan’s capital market by providing investors with reduced trading costs and more choices.” — Masahiro Yamada, CEO, Japannext Securities
“We are pleased that Cboe will join Japannext Securities as a shareholder as part of the business alliance we concluded in October 2022. Both Cboe and our group recognize many commonalities, such as leading the transformation of the financial industry through advanced technology. We believe this collaboration will bring new changes to the Japanese financial market and further benefit Japanese investors, especially retail investors.” — Yoshitaka Kitao, Representative Director, Chairman, President & CEO, SBI Holdings
“Japan is one of the largest and most important capital markets in the world, and this investment further demonstrates our commitment to the country. We believe this investment will strengthen our relationships within Japan’s financial industry and expand our presence beyond our ownership of Cboe Japan, which will continue to operate independently of Japannext Securities. Cboe is committed to adapting to the evolving Japanese capital markets landscape, working with all market participants to support its growth and provide investors with more choice and opportunity.” — Edward Tilly, Chairman, President and CEO, Cboe Global Markets
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