Update : Dec. 20, 2011
On November 22, 2011, Tokyo Stock Exchange Group, Inc. (TSEG) and Osaka Securities Exchange Co., Ltd. (OSE) announced that we had agreed to conduct a business combination and entered into a Business Combination Agreement.
Significant synergies will be created by combining the business of TSEG and OSE, which have different areas of specialty, respectively in the cash equities market and the derivatives market, and can complement each other by moving forward with system integration and other matters.
The improvement of our presence as an international financial center through the business combination will bring substantial benefits, such as improved convenience, to all market users. It will also contribute to the enhanced competitiveness of all the financial and capital markets of Japan, which would be a step towards the revitalization of the Japanese economy.
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On November 21, 2011, Tokyo Stock Exchange, Inc. ("TSE") announced the launch of "New Tdex+ System", a new trading platform which integrates futures and options trading.
Since October 2009, options trading has been conducted on the existing Tdex+ System based on the LIFFE CONNECT® system used by NYSE Liffe in London, the largest European derivatives exchange. The migration of futures trading to New Tdex+ System integrates both trading platforms of the TSE derivatives market and greatly increases system efficiency.
A ceremony was held on November 21, 2011 to mark the launch of the new system, attended by many visitors and graced by special guest, Ms. Yoshie Takeshita, a globally renowned setter who played a highly influential role in the recent FIVB Women's World Cup.
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TSE established an "IPO Center" on November 15, 2011 to promote new listings of domestic and overseas companies with investment appeal.
The IPO Center offers a variety of support to companies which are considering listing on the TSE First/Second Section or Mothers to allow them to be listed on the market smoothly.
The center is a common point of contact for handling inquiries, visiting individual companies, and disseminating information. This will allow the center to provide support to suit the needs of companies pursuing a new listing.
TSE Mothers Core ETF, which tracks the Tokyo Stock Exchange Mothers Core Index, will be listed on November 29, 2011. In conjunction with this listing, a listing ceremony and a symposium to increase Mothers vibrancy will be held at TSE on the same day.
The symposium will include an explanation on the measures of revitalizing the Mothers market by TSE staff, speeches by CEOs of Mothers-listed companies (Mr. Hirano of Infoteria Corporation, Mr. Sano of COOKPAD Inc., Mr. Aoyama of GMO CLOUD K.K. and others) as well as exhibition booths by companies selected as Tokyo Stock Exchange Mothers Core Index constituents.
For notes from the joint media briefing (by Mr. Atsushi Saito, President & CEO, Tokyo Stock Exchange Group, Inc., and Mr. Michio Yoneda, President & CEO, Osaka Securities Exchange Co., Ltd. on November 22, 2011), please refer to the following PDF.
|Joint Media Briefing Notes|