The operator of the Tokyo Stock Exchange JPX intends to buy the Tokyo Commodity Exchange Tocom. In June, it is expected that a tender for the purchase of Tocom shares will be announced. The merger transaction should be completed in fiscal 2020. As a result, in Japan, the first exchange will be created on which trading in stocks and futures for commodities, including metals and grain, will take place. The Tokyo Commodity Exchange Tocom, the history of which began in 1951 with the Textile Exchange, will become a separate division of JPX. The volume of operations carried out by Tocom has recently declined due to the fact that clients now prefer larger sites. It is expected that the creation of a combined exchange will allow it to become more competitive.