The New York Stock Exchange and The Johannesburg Stock Exchange Announce Collaboration on Dual Listings
October 10 2022 - 4:15PM
Business Wire
Memorandum of understanding also includes the
exploration of new products in ESG, ETFs and digital assets
The New York Stock Exchange, part of Intercontinental Exchange,
Inc. (NYSE: ICE), and the Johannesburg Stock Exchange (JSE) today
announced that they have signed a memorandum of understanding to
collaborate on the dual listing of companies on both exchanges.
The NYSE and the JSE also agreed to jointly explore the
development of new products and share knowledge around ESG, ETFs
and digital assets.
The agreement was finalized during a visit to the NYSE by a
South African delegation including JSE Group CEO Dr. Leila Fourie
and South African Reserve Bank Governor Lesetja Kganyago. The
signing ceremony took place shortly before the delegation rang the
Closing Bell, followed by a keynote address by Kganyago on monetary
policy.
“The New York Stock Exchange is pleased to sign this
collaboration agreement with the Johannesburg Stock Exchange in
support of the important economic and trade relationship between
our two markets,” said Lynn Martin, NYSE President. “Exploring the
dual listings of companies on our two exchanges stands to increase
opportunities for investors on both continents, underscoring the
value public companies and our capital markets generate in the
global economy. We look forward to collaborating on new product
development with the JSE team and to the innovation that comes when
two great organizations work together.”
“The agreement that we have signed today with the NYSE will
unlock opportunities for investors and issuers of both bourses,”
said Dr. Fourie. “This is the beginning of a new chapter and I am
excited about the opportunities we will explore together as we find
synergies to grow both our markets. For the JSE, as the largest
stock exchange on the African continent with unparalleled market
depth and liquidity, we aim to create world-class solutions for
both local and international investors.”
The United States ranks as one of South Africa’s largest trading
partners and this agreement is designed to help support the
economic relationship between the two nations. Today, about 600
U.S. companies operate in South Africa in sectors including
manufacturing, technology, finance, insurance and wholesale
trade.
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 the JSE
The Johannesburg Stock Exchange (JSE) has a well-established
history of operating as a marketplace for trading financial
products. It is a pioneering, globally-connected exchange group
that enables inclusive economic growth through trusted,
world-class, socially responsible products, and services for the
investor of the future. It offers secure and efficient primary and
secondary capital markets across a diverse range of securities,
spanning equities, derivatives, and debt markets. It prides itself
on being the market of choice for local and international investors
looking to gain exposure to leading capital markets on the African
continent. The JSE is currently ranked in the Top 20 largest stock
exchanges in the world by market capitalisation, and is the largest
stock exchange in Africa, having been in operation for 130 years.
As a leading global exchange, the JSE co-creates, unlocks value
& makes real connections happen.
www.jse.co.za
Category: NYSE
ICE-CORP
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version on businesswire.com: https://www.businesswire.com/news/home/20221010005789/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
JSE General Enquiries: Email: info@jse.co.za 011 520 7000
JSE Media Contact: Paballo Makhetha Communication Specialist 011
520 7331 066 261 7405 (mobile) paballom@jse.co.za
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