Japan’s largest share trading platform operator Tokyo Stock Exchange (TSE) will be merging with its domestic competitor Osaka Securities Exchange, Financial Times reports. The merger will create Japan’s largest exchange group, tentatively named the Japan Exchange Group.
The merger will consolidate TSE’s global position, making it the third-largest exchange globally by market capitalization of company listings, behind NYSE Euronext and Nasdaq OMX Group. The combined holding company will operate a cash equity market, a derivatives market, a regulatory unit and a clearing company.
Click here for the release from Financial Times.
Financial Times Japan Nasdaq OMX Group Tokyo Stock Exchange Osaka Securities Exchange