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
How will economic policies adapt in 2020 when a quarter of the EU population is over 65? Can economics better predict how banks will react to credit crunches in the future, and what their impact will be on the wider economy?
more »
The EBRD is supporting the development of one of the first modern food retail chains in Turkmenistan with a $1.9 million equity investment in Ak Enar.
more »
While on a working visit to Ukraine, President of the Republic of Lithuania Dalia Grybauskaitė has underlined that Ukraine might become a very important energy partner for Lithuania and for the whole European Union but only transparent and open relations will lead to success in this area.
more »
On 25 November in Vilnius, Lithuania’s Vice-Minister of Foreign Affairs and President of the Nordic Investment Bank discussed the issues of the Northern Dimension Partnership on Transport and Logistics (the secretariat of which is being established at the Bank), issues of the NIB cooperation with Lithuania and perspectives of the NIB’s activities in the country.
more »
The European Bank for Reconstruction and Development has adopted a new strategy for the Russian Federation.
more »
Consumer protection requires transparent and consistent trade rules, believe MEPs.
more »
The European Investment Bank (EIB) is lending CZK 2 billion (approx. EUR 76 million) to the South Moravia Region for co-financing the Region’s priority infrastructure projects supported by the EU Structural and Cohesion Funds over the period 2007 – 2013.
more »
Seeking to strengthen business partnership between Israel and Lithuania the Israel and Lithuania Chamber of Commerce has been recently established in Lithuania.
more »
AB DnB NORD Bankas, notifies that on 24 November 2009, the member of the Management Board and Executive Vice-president of AB DnB NORD Bankas dr. Jekaterina Titarenko has been appointed as Chief Financial Officer of Bank DnB NORD Group.
more »
Parliament gave its backing on Tuesday for €400 million-plus in budget aid to Serbia, Bosnia and Herzegovina, Armenia and Georgia.
more »