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Tokyo Stock Exchange Announces Participation In Global Equity Market Discussions

Date 08/06/2000

Tokyo Stock Exchange today announced its participation in multilateral discussions to explore the feasibility of a Global Equity Market with Australia Stock Exchange, Hong Kong Exchanges and Clearing, Euronext (Amsterdam, Brussels and Paris), New York Stock Exchange, the Toronto Stock Exchange, the Bolsa Mexicana de Valores, and the Bolsa de Valores de Sao Paulo.

The aim of the Global Equity Market concept is to link the trading systems of key exchanges in the three main time zones, Asia Pacific, Europe-Middle East-Africa and the Americas, providing investors access to global markets through their home markets.

Global Equity Market will be built on the foundation of transparent, self-regulated auction markets, allowing investors from around the world to trade global securities 24 hours a day. Transaction costs will be reduced and greater efficiency will be achieved. Issuers will benefit from increased global liquidity.

Participation in this concept remains open to other exchanges.