Osaka and Bombay sign exchange MoU
07 April 2011 | 2581 views | 0
Source: Osaka Stock Exchange
Osaka Securities Exchange Co., Ltd. (OSE) and Bombay Stock Exchange (BSE) announced today, April 7th, that they have signed a memorandum of understanding (MOU) to create a cooperative relationship for the development of financial markets in India and Japan.
As part of the MOU, both exchanges will seek to develop opportunities which include cross-licensing of indices and other potential areas of co-operation.
"We believe the signing of the MOU with BSE, which is the Indian largest stock exchange and has the well-known benchmark index SENSEX, will be a significant step towards mutual cooperation of two exchanges," said Michio Yoneda, President & CEO of OSE. "In a globalized financial market, investment activities have also become increasingly globalized. We hope this MOU will lead to further development of financial markets both in India and Japan and create new benefits for investors in Asia and all over the world."
Signing the MOU Madhu Kannan, MD & CEO of the Bombay Stock Exchange said, "The signing of the MOU with Osaka Securities Exchange will help create a platform to facilitate wider investor access to world-class investment products from both exchanges, a move which will be mutually beneficial to the exchanges and investors alike."