Mr. Korekiyo Saitoh, appointed as the Chairman of Audit Committee and Mr. Torajiro Nagatsuka as the Chairman of the Remuneration Committee of the Nagoya Commodity Exchange (ngcx) board recommended the appointment of Mr. Nikki Hiyama and Mr. Hogai Takemago as Trustees of the Commodity Exchange Investor (Client) Protection Fund, for Japan’s trading Authorities’ approval
Nagoya, Japan -- (SBWIRE) -- 10/30/2014 -- In an illustrious career spanning 40 years, Mr. Saionji, has held several prestigious positions. He was appointed first as Financial Commissioner and later as Chief Financial Commissioner. The other positions of significance held by him include Secretary, Department of Financial Affairs.
In another development, at a meeting of the Board of Directors of Nagoya Commodity Exchange, the board recommended the appointment of Mr. Nikki Hiyama, former Managing Director of top investment bank and Mr. Hogai Takemago, Former Chairman & Managing Director, commercial bank as Trustees of the Nagoya Commodity Exchange (ngcx) Protection Fund, subject to Japan’s trading Authorities approval.
These appointments are in line with revised Japan’s trading Authorities guidelines.
About Nagoya Commodity Exchange (ngcx)
Nagoya Commodity Exchange (ngcx.org) is a state-of-the-art, fully electronic commodities market offering a full range of listing and trading opportunities for international and domestic commodities, debt, depository receipts, insurance securitization and derivative warrants. Nagoya Commodity Exchange facilitates commodities trading and clearing and settlement of commodity futures transactions, thereby providing a platform for risk management. Nagoya Commodity Exchange significant growth over the last several years is due in large part to the company's innovative and flexible approach. In addition to taking a leading role in what has become a world trend towards profitability and demutualization, the Exchange has sought to create unique products and services for its markets.
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