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Business deals

Japan's all-in-one bourse set to open in fiscal 2020

Japan Exchange Group in final talks to buy Tokyo Commodity Exchange for $46m

JPX, which runs the Tokyo Stock Exchange, will launch a one-stop shop handling transactions in both securities and commodities futures starting next fiscal year.

TOKYO -- Japan Exchange Group, operator of the Tokyo Stock Exchange, is in the final phase of talks to buy the Tokyo Commodity Exchange, or Tocom, for about 5 billion yen ($46 million). The two companies' boards are expected to approve the deal on Tuesday.

The buyout will create in fiscal 2020 an all-in-one exchange handling both securities and commodities futures. Under the deal, the Tokyo Stock Exchange operator, known as JPX, will launch a bid for all outstanding Tocom shares as early as this week.

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