The two exchanges sign agreement on product
development and other collaborative activities during the visit of
Japanese Prime Minister Kishida to the NYSE
The New York Stock Exchange, part of Intercontinental Exchange,
Inc. (NYSE: ICE), and Tokyo Stock Exchange, Inc. (TSE) today
announced a new agreement to support cross-border investment
between the U.S. and Japan by collaborating in areas including
product development, marketing, and information sharing.
The two exchanges signed the memorandum during the visit of
Japanese Prime Minister Fumio Kishida to the NYSE. The agreement
was finalized in a ceremony on the iconic NYSE trading floor.
The NYSE and TSE have developed a cooperative relationship over
decades, including the signing of an agreement on cooperation in
February 2000 and the establishment of a strategic alliance in
January 2007. Given the expanding role of capital markets and an
evolving business environment that includes advances in
digitalization, the two exchanges have agreed to strengthen and
further advance their relationship to promote and support the
development of both exchanges’ businesses.
“This agreement represents an important evolution in the
longstanding relationship between the New York Stock Exchange and
the Tokyo Stock Exchange as well as supporting cross-border
investment between two of the world’s leading economies,” said Lynn
Martin, NYSE President. “Prime Minister Kishida’s participation in
the signing of this agreement during his visit to the NYSE
underscores the importance of our capital markets and the critical
role that public companies play in the lives of the citizens of
both nations. We are excited to be expanding our relationship with
the Tokyo Stock Exchange and look forward to working together for
years to come.”
“It is a great honor to make this agreement with the NYSE to
deepen cooperation for the development of the Japan-U.S. capital
markets, on the occasion of Prime Minister Kishida’s speech at the
NYSE,” said Hiromi Yamaji, President & CEO, Tokyo Stock
Exchange. “In recent years, expectations for exchanges, which play
a fundamental role in capital markets, have been increasing in the
areas of sustainability and fintech. By further strengthening and
advancing our cooperative relationship with the NYSE, the largest
exchange in the world, we hope to enhance the diversity of
investment products on both exchanges and strengthen cooperation on
information dissemination, thereby meeting the expectations of
investors and other stakeholders.”
“In addition, as the public and private sectors in Japan are
pushing forward with joint initiatives to realize a ‘New Form of
Capitalism,’ we hope that this agreement will contribute by
improving the investment environment, among other things,” Yamaji
continued. “Through this collaboration with the NYSE, Japan
Exchange Group and TSE will continue to contribute to further
development of the capital markets in both Japan and the U.S in
their role as a fundamental capital market infrastructure.”
To further invigorate cross-border investment between the U.S.
and Japan and develop the capital markets of both countries, the
two exchanges have agreed to work together in three key areas. The
agreement focuses on, first, the development of investment
products; second, marketing activities targeted at U.S. and
Japanese investors; and third, the exchange of information on
sustainability, the use of digital technologies, market operations
and other topics.
About NYSE Group NYSE Group is a subsidiary of
Intercontinental Exchange (NYSE: ICE), a leading global provider of
data, technology and market infrastructure. NYSE Group’s equity
exchanges -- the New York Stock Exchange, NYSE American, NYSE Arca,
NYSE Chicago and NYSE National -- trade more U.S. equity volume
than any other exchange group. The NYSE, an ICE exchange, is the
premier global venue for capital raising. NYSE Arca Options and
NYSE Amex Options are leading equity options exchanges. To learn
more, visit nyse.com.
About Intercontinental Exchange Intercontinental
Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs,
builds and operates digital networks to connect people to
opportunity. We provide financial technology and data services
across major asset classes that offer our customers access to
mission-critical workflow tools that increase transparency and
operational efficiencies. We operate exchanges, including the New
York Stock Exchange, and clearing houses that help people invest,
raise capital and manage risk across multiple asset classes. Our
comprehensive fixed income data services and execution capabilities
provide information, analytics and platforms that help our
customers capitalize on opportunities and operate more efficiently.
At ICE Mortgage Technology, we are transforming and digitizing the
U.S. residential mortgage process, from consumer engagement through
loan registration. Together, we transform, streamline and automate
industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual
property rights of Intercontinental Exchange, Inc. and/or its
affiliates is located here. Key Information Documents for certain
products covered by the EU Packaged Retail and Insurance-based
Investment Products Regulation can be accessed on the relevant
exchange website under the heading “Key Information Documents
(KIDS).”
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 -- Statements in this press release regarding
ICE's business that are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion
of additional risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see ICE's Securities and Exchange Commission (SEC)
filings, including, but not limited to, the risk factors in ICE's
Annual Report on Form 10-K for the year ended December 31, 2021, as
filed with the SEC on February 3, 2022.
About Tokyo Stock Exchange Tokyo Stock Exchange, Inc.
(TSE) is a licensed financial instruments exchange under the
Financial Instruments and Exchange Act of Japan, which is engaged
in the provision of market facilities for trading of securities,
publication of stock prices and quotations, ensuring fair trading
of securities and other financial instruments, and other matters
related to the operation of exchange financial instruments markets.
In addition to providing market infrastructure and market data,
Japan Exchange Group, Inc., and its subsidiaries also provide
clearing and settlement services through a central counterparty and
conducts trading oversight to maintain the integrity of the
markets. In the course of working together as an exchange group to
offer a comprehensive range of services, we continue to make every
effort to ensure reliable markets and create greater convenience
for all market users.
Category: NYSE ICE-CORP
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version on businesswire.com: https://www.businesswire.com/news/home/20220922005894/en/
NYSE Media Contact: Bridget Walsh bridget.walsh@nyse.com (212)
656-2298
ICE Investor Contact: Katia Gonzalez katia.gonzalez@ice.com
(678) 981-3882
Tokyo Stock Exchange Contact: Japan Exchange Group, Inc. Global
Strategy TEL: +81-3-3666-1361 (Operator)
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