Nex Data has been mandated by the Financial Futures
Association of Japan (FFAJ) to create foreign exchange margin ratios for 170
Launched in February 2017, the FX margin ratios support the
derivatives margin calculations which Japanese retail brokers now have to
provide to local authorities following the new regulations which kicked in on
27 February 2017.
Using underlying data taken from Nex Markets’ EBS Market as
a primary source in addition to third party sources, the FX margin ratios are
used to support the provision of accurate and transparent data in the Japanese
The new FX margin ratios are published on the FFAJ’s website
to Japanese market participants and individual investors with Nex Data’s
indices business acting as the outsource provider to create and maintain the
required underlying margin ratio and rates.
Nex Data says it is applying its technological expertise in
the creation of indices by accessing and leveraging Nex Markets’ strength in
the Japanese currency market. Users will also be able to download the margin
ratio data via Nex Data’s secure File Transfer Protocol (FTP) site.
“The need for transaction-backed data continues to grow in
order to provide the required transparency in financial markets,” says Kevin
Taylor, managing director, Nex Data. “At Nex we create robust indices and
provide a wide variety of data services. The ability to create a full suite of
FX margin ratios demonstrates that we have the technology, the skill and the
underlying data through Nex Markets and other providers to offer much needed
services to the Japanese market.”