"The New York Stock Exchange and Tokyo Stock Exchange announced an alliance Wednesday that extends the NYSE's global reach and could lead to an eventual combination of the world's two largest financial markets....allows the two stock markets to cooperate on joint developments such as financial products, mutual listings and technology.
The deal comes amid a backdrop of mass consolidation between domestic and global exchanges, highlighted by the NYSE's transformation into the first trans-Atlantic market with its recent acquisition of Paris-based exchange operator Euronext NV. The NYSE Group Inc., which is competing fiercely with the Nasdaq Stock Market Inc., just weeks ago announced it had led a team of investors to buy a 20 percent stake in India's largest financial market, the Mumbai-based National Stock Exchange."
Wednesday, January 31, 2007
New York and Tokyo Stock Exchanges Announce Alliance - New York Times
From the NY Times: New York and Tokyo Stock Exchanges Announce Alliance - New York Times: