NYSE and TSE Partner on Product Dev, Marketing and Info Exchange

The New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE) announced a partnership on Thursday to support cross-border investment activities between the United States and Japan.

Under the partnership, the exchanges will work together to develop investment products and marketing activities targeted at investors in both countries.

Furthermore, they will exchange information on sustainability and the use of digital technologies as well as on market operations.

The Japan Exchange Group (JPX), the owner of the TSE, said the agreement was signed during the visit of Japanese Prime Minister Fumio Kishida to the NYSE.

Lynn Martin, the President of the NYSE, described the agreement as “an important evolution” in the decades-old relationship between both exchanges.

“Prime Minister Kishida's participation in the signing of this agreement during his visit to the NYSE underscores the importance of our capital markets and the critical role that public companies play in the lives of the citizens of both nations,” Martin said.

Also speaking, Yamaji Hiromi, the President and CEO of TSE, noted that the collaboration will help to deepen the cooperation for the development of the Japan-US capital markets.

Hiromi explained: "In recent years, expectations for exchanges, which play a fundamental role in capital markets, have been increasing in the areas of sustainability and fintech.

“By further strengthening and advancing our cooperative relationship with the NYSE, the largest exchange in the world, we hope to enhance the diversity of investment products on both exchanges and strengthen cooperation on information dissemination, thereby meeting the expectations of investors and other stakeholders."

JPX and CFFEX

Meanwhile, in early September, JPX and the China Financial Futures Exchange Co. Limited (CFFEX) signed a memorandum of understanding for derivatives market cooperation.

The exchanges said they will “actively collaborate on initiatives and promotional activities.”

“We hope that this agreement will contribute to making derivative products listed on both exchanges more convenient for market participants in both countries, such as by improving the liquidity of exchange-traded funds (ETFs) listed under the Japan-China ETF Connectivity Scheme,” said Kiyota Akira, the CEO of JPX.