Japan Exchange Group (JPX) is a Japanese exchange holding company that fully owns four subsidiaries: the Tokyo Stock Exchange, the Osaka Exchange, the Japan Exchange Regulation (an independent self-regulatory body), and the Japan Securities Clearing Corporation. It was established on January 1, 2013, through the merger of Japan’s two primary stock exchanges. Its core business involves owning and operating stock and futures exchanges in Japan, as well as their associated clearinghouses. The current President and CEO is Akira Kiyota.