The Taiwan Stock Exchange and the Osaka Securities Exchange announced yesterday that the two had signed a memorandum of understanding (MOU) to facilitate the development of the securities markets in Taiwan and Japan and share information.
"I am firmly convinced that this MOU is for the long-term interest of both Exchanges in promoting securities markets," said Samuel Hsu (
"In the future, we hope to further develop cross-listing and trading mechanisms to bring cross-border prosperity to investors at both ends," he said.
Michio Yoneda, president and chief executive officer of Osaka Securities Exchange, Japan's second-biggest bourse, said he hoped the MOU would not only improve developments in the Japanese and Taiwanese markets, but also provide a substantial advantage for investors in the entire Asian region as well as to worldwide investors.
To improve the cooperation, the Taiwan Stock Exchange held conferences to brief local securities firms on Nikkei-225 Futures in Taipei on Thursday and yesterday.
This is the Osaka Securities Exchange's sixth overseas alliance, including ties with exchanges in Sydney and Shanghai.
Exchanges worldwide have announced more than US$50 billion of proposed mergers during the past two years.
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