Tokyo Stock Exchange to distribute corporate actions data over SwiftNet
12 October 2004 | 9731 views | 0
From January 2005, the Tokyo Stock Exchange (TSE) will link its Tokyo Market Information service (TMI) to SwiftNet, providing financial institutions around the world with easy access to corporate actions data.
The TMI service has been available since 2001 and the TSE says it is relied upon by many users as a primary source of Japanese corporate action data because of its comprehensive coverage of public companies and the timeliness of data distribution. The corporate action data has been provided in standard ISO 15022 format since the service was launched.
SwiftNet distribution of the data adds to the existing delivery channels, which include website, dedicated lines and internet file transfer protocol (FTP).
Tomoyoshi Uranishi, executive officer, TSE, says: "TSE, as the very source of the corporate action information for Japanese companies, has a vision beyond commercial data distribution through SwiftNet. We are further looking forward to contributing to straight-through processing in the industry. We recognise our participation in Swift as a step in standardising the format of corporate action data and increasing the efficiency of data flow in the global financial industry."
TSE joins the London Stock Exchange and Johannesburg Stock Exchange in committing to SwiftNet as a data delivery vehicle.