The two exchanges sign an agreement on product development and other collaborative activities. during Japanese Prime Minister Kishida’s visit to the New York Stock Exchange
NEW YORK AND TOKYO, September 22, 2022–(COMMERCIAL WIRE)–The New York Stock Exchange, part of the Intercontinental Exchange, Inc. (NYSE: ICE), and the Tokyo Stock Exchange, Inc. (TSE) today announced a new agreement to support cross-border investment between the US and the Tokyo Stock Exchange. USA and Japan through collaboration in areas including product development, marketing, and information sharing.
The two exchanges signed the memorandum during Japanese Prime Minister Fumio Kishida’s visit to the New York Stock Exchange. The deal was finalized in a ceremony on the iconic NYSE trading floor.
The NYSE and TSE have developed a cooperative relationship over decades, including signing a cooperation agreement in February 2000 and establishing a strategic alliance in January 2007. Given the increasing role of capital markets and a evolving business that includes advances in digitalization, the two exchanges agreed to strengthen and further advance their relationship to promote and support the development of the businesses of both exchanges.
“This agreement represents an important evolution in the long-standing 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, President of NYSE. “Prime Minister Kishida’s involvement in signing this agreement during his visit to the New York Stock Exchange underscores the importance of our capital markets and the critical role that public companies play in the lives of citizens of both nations. We are excited to expand 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 Japanese and US capital markets, on the occasion of Prime Minister Kishida’s speech at the NYSE,” said Hiromi Yamaji, President and CEO. from TokyoStock. Exchange. “In recent years, expectations have been rising from exchanges, which play a critical role in the capital markets, in the areas of sustainability and fintech. By further strengthening and advancing our cooperative relationship with the NYSE, the exchange largest in the world, we look forward to enhancing the diversity of investment products on both exchanges and strengthening cooperation in disseminating information, thereby meeting the expectations of investors and other stakeholders.”
“Furthermore, as Japan’s public and private sectors move forward with joint initiatives to achieve a ‘new form of capitalism,’ we hope that this agreement will contribute to 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 the further development of capital markets in both Japan and the US in their role as critical capital market infrastructure.”
To further strengthen cross-border investment between the US 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, firstly, on the development of investment products; second, marketing activities directed at US and Japanese investors; and third, the exchange of information on sustainability, use of digital technologies, market operations and other topics.
About the NYSE Group
NYSE Group is a subsidiary of the Intercontinental Exchange (NYSE: ICE), a leading global provider of data, technology and market infrastructure. The NYSE Group’s stock exchanges (the New York Stock Exchange, NYSE American, NYSE Arca, NYSE Chicago and NYSE National) trade more volume of US stocks than any other exchange group. NYSE, an ICE exchange, is the world’s leading place to raise capital. NYSE Arca Options and NYSE Amex Options are the leading stock option exchanges. For more information, 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 with opportunity. We provide financial technology and data services across major asset classes that offer our clients access to mission-critical workflow tools that increase transparency and operational efficiency. We operate exchangesincluding the NYSEY 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 insights, analytics and platforms that help our clients seize opportunities and operate more efficiently. A ICE Mortgage Technology, we’re transforming and digitizing the US residential mortgage process, from consumer engagement to loan registration. Together, we transform, optimize and automate industries to connect our clients with opportunities.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information on additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates can be found 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, consult ICE’s Securities and Exchange Commission (SEC) filings, including, among others, the factors of risk in ICE’s annual report. Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC on February 3, 2022.
About the Tokyo Stock Exchange
Tokyo Stock Exchange, Inc. (TSE) is a financial instruments exchange licensed under the Japanese Stock Exchange and Financial Instruments Law, which is engaged in the provision of market facilities for the trading of securities, the publication of quotes and share prices, ensuring the fair trading of securities and other financial instruments, and other matters related to the operation of the foreign exchange markets for financial instruments. 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 conduct trade supervision to maintain the integrity of the markets. In the course of working together as an exchange group to offer a wide range of services, we continue to do our best to ensure trustworthy markets and create greater convenience for all market users.
View the source version on businesswire.com: https://www.businesswire.com/news/home/20220922005894/en/
NYSE Media Contact:
ICE Investor Contact:
Tokyo Stock Exchange Contact:
Japan Exchange Group, Inc.
TEL: +81-3-3666-1361 (Operator)