Tokyo Stock Exchange starts talks with NYSE, other bourses, about forming a worldwide equities market.
Published:
9 June 2000 y., Friday
The Tokyo Stock Exchange said on Wednesday it had started discussions with the New York Stock Exchange, Euronext and other exchanges about forming a global equities market. THE MOVE underlines the Tokyo Stock Exchange (or TSE’s) determination not to be left out of a headlong rush towards 24-hour, round-the-world trading inspired by technological developments and global capital markets.
The talks involve exchanges in Australia, Hong Kong, Toronto, Mexico and Sao Paulo, said the TSE, whose position as Japan’s preeminent stock exchange could in time be challenged by the June 23 launch of Nasdaq Japan, a sister version of the U.S. Nasdaq market and part of Nasdaq’s own global ambitions.
The market would offer open-all-hours trade in big name, international stocks to global investors by linking exchanges in three time zones — Asia-Pacific, Europe-Middle East-Africa and North and South America.
It would also help increase market liquidity while improving trade efficiency by reducing costs for investors, officials said. “Nothing concrete has been decided,” a TSE official said, adding the exchanges plan to hold a first meeting on a working basis soon.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
New legislation for pan-European supervision of credit rating agencies and a public debate on how financial institutions are managed.
more »
On 2 June in Vilnius, Lithuania‘s Vice-Minister of Foreign Affairs Asta Skaisgirytė Liauškienė and Deputy Director General of the World Trade Organization Rufus H. Yerxa discussed the main issues on the international trade policy agenda, Russia‘s WTO accession and the changing role of China in the world economy.
more »
2157 former construction workers in Spain and 598 ex-employees at the Irish crystal glass company Waterford Crystal with suppliers could get €11 million in EU globalisation adjustment fund aid for training, self-employment and professional orientation under plans approved by the Budgets Committee on Wednesday.
more »
Companies from the UK, Belgium, Germany and Spain have won the 2010 European Business Awards for the Environment.
more »
The planned overhaul of EU fisheries policy should devolve more powers to regions, protect small coastal fleets and boost aquaculture, said MEPs and members of national parliaments on Tuesday.
more »
The first in a series of loan agreements for energy efficiency investments in multi-apartment buildings was signed today between the European Investment Bank (EIB), as manager of the JESSICA holding fund in Lithuania, and Šiaulių bankas.
more »
Despite the current economic crisis and tensions in the euro, Estonia is set to adopt the single currency in January.
more »
Commission proposes a bank tax to cover the costs of winding down banks that go bust.
more »
The European Investment Bank will provide a total of EUR 400 million to Hellenic Petroleum SA in order to increase the production of cleaner fuels via the upgrading of the Elefsina refinery.
more »
European ministers meet on Tuesday and Wednesday in Brussels at the final Competitiveness Council to be held during the six months of the Spanish Presidency, which has an agenda laden with important issues such as the electric vehicle, the European patent system and national R+D investment goals.
more »