Euronext and Tokyo Stock Exchange today signed a Memorandum of Understanding (MOU) outlining how they intend to co-operate, in order to facilitate the development and efficient operation of both markets.
The two Exchanges, which have entered the agreement as an in initial step towards a deeper relationship between the two markets, have agreed to consult and cooperate on issues of mutual interest, and to exchange information.
“Euronext is very pleased to sign a cooperation agreement with the Tokyo Stock Exchange which will strengthen the links between our two markets and which will give a common framework to explore matters of common interest,” says Jean-Francois Theodore, chairman of the Managing Board and CEO of Euronext. “We warmly welcome this new step in our relationships with the TSE.”
Mr Masaaki Tsuchida, President & CEO of Tokyo Stock Exchange, added: “This MOU is an opportunity to further strengthen the already good relations between our Exchanges, and to work for the development of both markets. I firmly believe the two Exchanges can work together to enhance the cross-border flow of capital between Europe and Asia.”