CashNews.co
TOKYO — MUFG Bank in October will become Japan’s first leading bank to start handling electricity futures transactions on the Tokyo Commodity Exchange, a move that could help breathe new life into a currently sluggish market.
The bank has received the necessary approval from the Tokyo Commodity Exchange, which is part of the Japan Exchange Group. Companies approved as traders in electricity futures include brokerages such as Nissan Securities and Phillip Securities Japan.