Tokyo Stock Exchange, Inc. and Borsa Italiana SpA today signed a memorandum of understanding.
Cooperation between the two Exchanges will facilitate the development and efficient operation of both markets and contribute to the investor protection.
Under the agreement, the two Exchanges will consult and cooperate on issues of mutual interest in order to strengthen the both markets. The two Exchanges also agreed to exchange information deemed to be beneficial to maintain the efficiency and integrity of the Markets.
Mr. Takuo Tsurushima, President and CEO of Tokyo Stock Exchange, Inc. comments "This MOU is an opportunity to further strengthen the relations between our Exchanges, and to work for the development of both markets. I hope the two Exchanges can work together to enhance the cross-border flow of capital between Europe and Asia."
Mr. Massimo Capuano, President and CEO of Borsa Italiana SpA says "This agreement will promote broader cooperation, exchange of information and an ongoing relationship between both Exchanges and strengthen our business relationships in the years ahead. Through this MOU, we hope to build on our efforts to pave the way to the expansion of the reach of our markets and products to both our regions."