TSE News

Strengthening Inter-market Cooperation between Tokyo Stock Exchange Group and Korea Exchange

Update : Dec. 08, 2011

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Today, Tokyo Stock Exchange Group, Inc. ("TSE Group") and Korea Exchange ("KRX") signed a Memorandum of Understanding ("MOU") to further strengthen the cooperative relationship between both exchanges.

Based on this MOU, TSE Group and KRX have made the prices of stocks listed on both exchanges mutually available on their websites in order to promote greater capital circulation between the two markets. In addition to this, the exchanges will begin discussions regarding the development of infrastructure to facilitate more convenient order placement and market information acquisition by participants in both markets. Furthermore, TSE Group and KRX will examine methods to promote mutual-listing of ETFs and shared derivatives products, while also pursuing the creation of highly convenient trading environments and cost reductions through cooperative study of IT systems, which form the foundation of the exchange business. In advancing these initiatives, TSE Group and KRX will engage in medium-to-long term staff exchange in order to establish a thorough deliberation structure, and facilitate prompt implementation.

Atsushi Saito, President and CEO of TSE Group, said "Both our exchanges have worked hard to cultivate their positions as leaders in Asia. By further strengthening our relationship and concentrating our expertise to implement a diverse range of measures, we will be able to improve market access and promote understanding on both markets by all our market participants, and invigorate the capital circulation between Japan and Korea. We are confident that this will contribute to the future development of both our markets."

Bongsoo Kim, Chairman and CEO of KRX, commented "In the rapidly evolving global exchange environment, cooperation and coordination between global exchanges are becoming increasingly important as a strategy toward growth and survival. In particular, our cooperative agreement with TSE Group will expand capital flow between our countries through the creation of a leading capital market network in Asia and enhance the competitiveness of both our markets. We look forward to the boost that this relationship will provide to inter-regional exchange cooperation. "

Tokyo Stock Exchange Group

Tokyo Stock Exchange Group, Inc. is one of the leading global exchanges and is the holding company of Tokyo Stock Exchange, Inc., the largest securities market in the Asia-Pacific region. The TSE market boasts over 2,200 listed companies, with a market capitalization of approximately US$3.3 trillion (as of November 2011), as well as trading of JGB Futures, TOPIX Futures, and other derivatives products. TSE also provides a wide variety of other market services, such as clearing/settlement operations and market information dissemination. For more information, please visit:

Korea Exchange

Korea Exchange, Inc., formed in 2005 through the merger of the equity and derivatives markets, is the sole exchange of Korea. It operates as a one-stop-service provider, offering trading, clearing, settlement, and other services. With over 1,800 listed companies, KRX's equity market is valued at approximately US$1 trillion (as of November 2011) and its derivatives market has the highest volume in the world. After launching evening trading hours in cooperation with the US's CME Group for KOSPI 200 Futures and with Germany's Eurex for KOSPI 200 Options, these popular derivatives products can be traded 24 hours a day. For more information, please visit:

DISCLAIMER: This translation may be used for reference purposes only. This English version is not an official translation of the original Japanese document. In cases where any differences occur between the English version and the original Japanese version, the Japanese version shall prevail. This translation is subject to change without notice. Tokyo Stock Exchange Group, Inc., Tokyo Stock Exchange, Inc., and/or Tokyo Stock Exchange Regulation shall individually or jointly accept no responsibility or liability for damage or loss caused by any error, inaccuracy, misunderstanding, or changes with regard to this translation.

Contact

Tokyo Stock Exchange Group, Inc.
Corporate Strategy (Media Relations)
TEL:+81-3-3666-1361

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