Friday, February 23, 2007
London and Tokyo combine
FT.com / Companies / UK - London and Tokyo combine
Also announcement details:
London Stock Exchange and Tokyo Stock Exchange Sign Co-operation Agreement
Story
The London Stock Exchange and Tokyo Stock Exchange, today announced details of an agreement aimed at enhancing their international presence through co-operation on access arrangements and the development of new products. This is the first time that the two exchanges have agreed to work together, and it is expected that the co-operation will bring benefits for investors, issuers and member firms. A Task Force composed of senior staff from both exchanges, will shortly begin a series of regular meetings to consider development opportunities in several key areas and identify the areas in which the London Stock Exchange and Tokyo Stock Exchange will work together over the long term. Areas for immediate consideration include: The operation and regulation of markets for growth companies. The creation and promotion of new jointly traded products. Co-operative schemes to encourage access by member firms to each other’s markets with the eventual aim of providing a round-the-clock trading environment. In addition, the exchanges will share information on technology, as they both deliver next generation systems to their markets.
Source
Stock Exchange Announcement(s)
Also announcement details:
London Stock Exchange and Tokyo Stock Exchange Sign Co-operation Agreement
Story
The London Stock Exchange and Tokyo Stock Exchange, today announced details of an agreement aimed at enhancing their international presence through co-operation on access arrangements and the development of new products. This is the first time that the two exchanges have agreed to work together, and it is expected that the co-operation will bring benefits for investors, issuers and member firms. A Task Force composed of senior staff from both exchanges, will shortly begin a series of regular meetings to consider development opportunities in several key areas and identify the areas in which the London Stock Exchange and Tokyo Stock Exchange will work together over the long term. Areas for immediate consideration include: The operation and regulation of markets for growth companies. The creation and promotion of new jointly traded products. Co-operative schemes to encourage access by member firms to each other’s markets with the eventual aim of providing a round-the-clock trading environment. In addition, the exchanges will share information on technology, as they both deliver next generation systems to their markets.
Source
Stock Exchange Announcement(s)
