At the 2009 G20 Pittsburgh Summit, leaders agreed that standardized OTC derivative contracts should be traded on exchanges or electronic trading platforms where appropriate1. This site uses "electronic trading platform" as a collective term for the swap execution facility (SEF) in the US and the multilateral trading facility (MTF) and organised trading facility (OTF) in the EU.

The text of Japan's Financial Instruments and Exchange Act refers to an electronic trading platform as an "electronic data processing system". A Cabinet Office Order defines "electronic trading platform operation business" as carrying on specified OTC derivative transactions as a business using that system2.

Notes

  1. Financial Services Agency, "Financial Services Agency: The Year in Review (FY2015 edition)" (金融庁の１年（平成27事務年度版）), Part 2, Chapter 3, Section 3, note to III (the September 2009 G20 Pittsburgh Summit agreement) (in Japanese). ↩

  2. Financial Instruments and Exchange Act, Article 40-7, title and paragraph 1 (electronic data processing system) (in Japanese). Cabinet Office Order on Financial Instruments Business, etc., Article 1, paragraph 4, item 16 (electronic trading platform operation business) (in Japanese). Version retrieved from e-Gov Law Search on October 5, 2026. ↩