Citibank Japan is looking to join the clearing house that settles trades on the Tokyo Commodity Exchange, Tocom. The move comes as a number of Japanese banks are seeking ways to expand their presence in global financial markets.
Citibank Japan is looking to join the clearing house that settles trades on the Tokyo Commodity Exchange, Tocom. This move comes at a time when many European and US banks are cutting back their exposure to the commodities market due to tighter financial regulations.