Banks will not be permitted to hedge the credit risk in the retained exposures counting towards the minimum retention requirements. 21.
Also, in February 2011, the Osaka Stock Exchange plans to launch J-GATE, a new high-speed order-matching engine for equity derivative trading. Proprietary trading systems (PTSs), which correspond to the multilateral trading facilities (MTFs) in Europe, still have only a small market share in Japan, but their trading volume is gradually increasing.