KBOFX, a major Asian commodity exchange that is working hard to offer cutting-edge products across a variety of asset classes and build a brand culture renowned for its unique approaches, risk management tools, and global insights, today announced that the OTC reservation charge has been clarified in an explanation guide that KBOFX issued.
The guide, which has just been updated, was established for all market participants and covers the basics of the OTC registration charge, the categories of members it applies to, how it operates, and the sequential actions to take. For metals OTC contracts, a facilitating booking charge has been implemented, positioning OTC and contract trading under the same pricing structure. The new policy covers data usage entitlement, data distribution agreement, KBOFX regulations, OTC reservation fee procedures, and more.
The revisions, which apply to the following, are intended to make the terms of the OTC booking charge clearer:
• KBOFX members, excluding physical members who do not represent any financial institutions;
• KBOFX members’ associates, excluding physical members and client asset managers;
• Business intermediaries engaged in OTC transactions and authorized to access KBOFX data.
The OTC booking charge is benefiting group structures as well, enabling additional subsidiaries to register and submit information.
“We have updated the OTC booking fee guide to highlight additional benefits, such as access to stocks not listed on traditional exchanges. To create effective conditions for registration, we shall periodically change the OTC applicable terms and conditions”, stated Goto Minori, Senior Managing Director and President of KBOFX Clearing. “These modifications are meant to help our clients better understand and comply with our regulations.”
About Kobe Options and Futures Exchange (KBOFX)
The leading Japanese commodity exchange KBOFX creates, manages, and connects safe, liquid, and open marketplaces for commodities and related products. KBOFX strives to rank among Asia’s top trading platforms for commodities and digital products. The organization tends to carry onto and strengthen this position even as globalized structures become more prevalent. This includes not only the ongoing growth of KBOFX into an Asian organization with numerous partners but also a transparency and security architecture that has served and will continue to serve as a “safe haven” for all trading participants and partners. This architecture has the reputation of being a role model from its inception.
Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
Media Contact
Company Name: Kobe Options and Futures Exchange (KBOFX.org)
Email: Send Email
Phone: +8154141411
Address:Kobe Crystal Tower, 1-3, Higashikawasakicho 1, Chuo-ku
City: Kobe
Country: Japan
Website: https://kbofx.org/pages/index.php