TSE has been offering corporate action data since the fall of 2001 via the Tokyo Market Information (TMI) service, which will also function as an engine to generate corporate action data to be provided through SWIFTNet. TMI service has been widely followed and relied upon by many professional users, as a primary source of Japanese corporate action data, due to its comprehensive coverage of all public companies in Japan, timeliness of the data distribution, and the data quality enabled by a direct service from the exchange (information source). TSE has also been active in addressing the needs for standardization, by providing corporate action data in ISO15022 format under TMI service as of 2001.
SWIFTNet distribution of TMI corporate action data is a new addition to multiple delivery channels currently in place, which include Web-Site service, Push (dedicated line) service, and Data Feed (Internet FTP) service. With TSE distributing ISO15022 corporate action data over SWIFTNet, the SWIFT user community could enjoy the benefits of standardization ISO15022 brings, and cost and time savings derived from the immediate utilization of current SWIFT interfaces.
Executive Officer Tomoyoshi Uranishi at TSE said, "TSE, as the very source of corporate action information for Japanese companies, has a vision beyond commercial data distribution through SWIFTNet. We are further looking forward to contributing in STP of the financial industry. We recognize our participation in SWIFT as a step in standardizing the format of corporate action data and increasing efficiency of data flow in the global financial industry."
Francis Remacle, Head of Securities Industry SWIFT, said," It is our great pleasure to have Tokyo Stock Exchange in our SWIFT community. SWIFT users will surely benefit from the TSEĀfs new services to improve STP and cost reduction on their corporate action processing. We believe the TSE's initiative will lead the way for more standardized market data distribution in the global securities market."
