The Tokyo Stock Exchange (TSE) and the New York Stock Exchange (NYSE) have signed an agreement to share market surveillance information in a bid to improve the fairness and transparency of their respective markets.
Under the terms of the agreement, TSE and NYSE can ask each other to provide information or documents relating to financial instruments traded on their respective exchanges, and information relating to members and trading participants on the exchanges. The information can be used only for the purpose of market surveillance or investigative activities.
Both stock exchanges will also proactively support and promote efforts towards the international harmonisation of market surveillance regulations and standards, as well as international cooperation among other relevant organisations.
The partnership builds on an existing cooperation agreement signed by TSE and NYSE in February 2000.
Dick Grasso, NYSE chairman and CEO, says: "The New York Stock Exchange is pleased that, in the spirit of our overall agreement with the TSE signed in 2000, we are moving to the next level of cooperation. This is one more example of our strong working relationship with the TSE."
Masaaki Tsuchida, president and CEO of TSE, comments: "As the representative exchanges of Japan and US aiming for further international development of securities markets, we will work as leaders to harmonise securities systems around the world."