TheLondon Stock Exchange(LSE) has signed a deal with the
Tokyo Stock Exchange (TSE) to share
technology, develop new products and co-operate on opening each
other’s markets.
The LSE’s chairman Chris Gibson-Smith said, “The TSE is an
immensely important global market, and we see our co-operation
agreement with it as an exciting opportunity to broaden the scope
of the services that we are able to offer issuers, investors and
member firms.”
The eventual aim of the deal is to create a financial market for
companies listed on both stock exchanges that will enable their
shares to trade around the clock.
Earlier this month, the LSE rejected a bid from US stock
exchange Nasdaq. Had the Nasdaq bid been successful, the LSE would
have had access to the American exchange’s trading systems.
The “co-operation agreement” with TSE provides the LSE with
access to the technology of a different major stock exchange.
Related article:
Nasdaq offers European stock exchange its equity trading
platform
Related article:
London Stock Exchange consults over MiFID reporting
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