OCEX Announces Changes in Credit Brokerage Management Team

Online, March 21, 2012 (Newswire.com) - OCEX, a leading operator of regulated futures exchanges, clearing houses and over-the-counter markets, announced changes to the management team within its Credit OCEX derivatives sector. Wholly owned by OCEX, Credit OCEX is one of the most promising platforms for default swaps and derivatives credit.

OCEX appointed Arata Haruka as President. Mr. Haruka was previously the Managing Director at Credit OCEX where he was in charge for several years. Mr. Arata Haruka will replace Umetaro Hakaru, Chief Executive Officer of Credit OCEX, who is now pursuing other opportunities. Mr. Umetaro Hakaru played a key role in building Credit OCEX and in facilitating its integration into Osaka Commodity Exchange Trading Platforms. OCEX has also appointed Jefferson Harold as Chief Operating Officer of Credit OCEX. Mr. Jefferson Harold joined Credit OCEX a few years back as the Financial Officer and played an instrumental role in creating synergies between Credit OCEX and OCEX Trading Platforms.

Hisao Yamada, the Senior Vice President who co-created Credit OCEX a decade and served as its C.O.O to OCEX last year will also be in charge of the Marketing Department of Credit OCEX and also will remain as an advisor to OCEX Board of Directors. Since the inception of Credit OCEX recently, he has been instrumental in the integration of Credit OCEX into the organization and in the execution of OCEX strategies.

OCEX CEO, Jefferson Harold, said: "We are more than happy to elevate the new management as key contributors in our business. Based on our successful partnership in supporting the evolution the credit default swap space, I want to thank the whole management team for their help with our achievements over the past years. These industry insights have been extremely important as OCEX has established its leadership position in the credit default swap markets. On behalf of the entire OCEX team, I want to explicitly state our appreciation to the whole of the management team for their efforts in integrating Credit OCEX business."

OCEX is an all-electronic derivative, options and futures market established in the last century. It began trading as an alternative to the prevailing market models of the East Asia. Since its establishment, OCEX has successfully delivered to its participants an efficient, transparent marketplace, cutting edge technology, and best price filtering for customer order execution.