Exchange operator CME Group Inc. said Wednesday that it has signed an agreement with Japan's Osaka Securities Exchange Co. to jointly develop products and services.
Through the memorandum of understanding with Osaka, CME Group hopes to further extend its reach in the Asian marketplace, Chief Executive Craig Donohue said in a statement.
Jiji news agency said the two exchanges would agree to start talks to enable the trading of Nikkei index futures around the clock.
CME Group operates the Chicago Mercantile Exchange and the Chicago Board of Trade. Osaka Securities is Japan's largest derivatives exchange.
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