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.
