Although details have not yet been finalized, it is thought that both Rakuten and Matsui want to exploit the deregulation of commodity futures trading commissions and the new found confidence in Japan’s economic recovery.
According to Japanese newspaper Nihon Keizai Shimbun, the two firms are hoping to entice potential investors by maximizing their respective online equity trading platforms to meet the increase in investors trading commodity futures online, which has been growing by 13 14% a year according to an industry estimate cited in the Nihon Keizai newspaper.
The joint project will handle such commodities as precious metals and petroleum products listed on the Tokyo Commodity Exchange.
