The two exchanges will explore initiatives relating to cross access arrangements for the co-trading and clearing of products listed on both exchanges, new product development, marketing, information technology development and information sharing. The cross access arrangements will enhance access by their respective members into each other's markets, and expand the range of financial instruments that will be made available to participants in both the Singapore and Japanese capital markets.
Mr Thomas Kloet, CEO of SGX said, "SGX is delighted to work with TSE on these initiatives. It goes to the heart of our philosophy of forming strategic relationships that add value to our customers and market participants. Together with SGX's other alliances and initiatives, our link with TSE facilitates the growth and development of our market, and represents a significant step towards the realisation of a linked Pan-Asian marketplace."
TSE President and CEO, Masaaki Tsuchida commented, "This collaboration with SGX, one of the major exchanges in the Asian and Pacific region, provides an excellent opportunity to enhance the TSE's regional contributions. I strongly hope that our deliberations lead to a partnership which will act as a catalyst for the formation of closer ties among capital markets in this region, and together, we can create an Asian hub linking the European and American time zones."
