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
In Gothenburg Sweden a deal is done for Volvo. A delegation from China’s Zhejiang Geely Holding Group, China’s largest private-run car maker, was given the red carpet treatment when it agreed to buy Ford Motor’s Volvo car unit for 1.8 billion dollars.
more »
The President of the Spanish Government and current rotational President of the European Union, José Luis Rodríguez Zapatero, affirmed this Sunday that during his presidency of the EU, Spain will continue to support the inclusion of the "complete affirmation of equality between men and women" within the new economic strategy.
more »
Despite the unfavorable macroeconomic situation, AS UniCredit Bank Lithuanian Branch achieved positive activity indicators in 2009: the bank branch operated profitably, the total loan portfolio and assets increased and the number of customers grew.
more »
Young people, economic recovery and research should be the EU's top budgetary priorities, said the European Parliament on Thursday, when it became the first EU institution to adopt an opinion on next year's budget.
more »
The sixteen leaders of the euro area countries (the Eurogroup) have given their support to the financial aid mechanism for Greece; this involves the participation of the International Monetary Fund (IMF) and of the euro area countries through bilateral loans.
more »
Today, President of the European Commission José Manuel Barroso, President of the European Council Herman Van Rompuy and Spanish Prime Minister José Luis Rodriguez Zapatero representing the Presidency of the Council met the European social partners to look at how Europe can exit the current economic and financial crisis.
more »
Around 1,100 former furniture and textile workers in Lithuania will receive EU aid worth €1.2 million following a vote by Parliament on Thursday.
more »
An estimated 100 million people in developing countries will fall into extreme poverty because of the economic and financial crisis, according to a report being presented Wednesday evening in the House.
more »
The Heads of State or Government of the EU-27 will make their first formal decisions in the process to develop the “Europe 2020” strategy that aims to achieve sustainable economic growth, job creation as well as recognition for the European social model.
more »
On 16 March 2010 the Lithuanian Authority, Ryšių reguliavimo tarnyba (RRT), informed the European Commission that it was withdrawing its proposed measure on network infrastructure access markets.
more »