The Tokyo Stock Exchange (TSE) has forged a connection between its arrownet connectivity network and NYSE Euronext’s Secure Financial Transaction Infrastructure (SFTI), enabling members of the two bourses to benefit from cross access arrangements.
The agreement builds on a letter of intent signed on 1 March by both exchanges to develop areas of mutual cooperation.
The TSE and NYSE Euronext intend to launch new services ahead of a planned upgrade to arrownet next spring that will include access to both markets using their existing network environments.
NYSE Technologies, the commercial technology unit of NYSE Euronext, will begin disseminating TSE market data via the new connection.
“We look forward to utilising the SFTI network, which stands as a global network for a multitude of attractive markets and their participants, improving convenience and access to trading opportunities for users, while invigorating both markets,” said Atsushi Saito, CEO, TSE. “Moving forward, we will continue expanding the range of services which utilise this mutual connection with SFTI and secure TSE’s place as the hub exchange for Asia.”
“As we launch our Tokyo liquidity centre and continue the expansion of our network in Asia, this linkage reaffirms the strength and value of our relationship and further extends the unique value both organisations can offer the global trading community,” added Duncan Niederauer, CEO, NYSE Euronext. “We believe this presents a particularly compelling solution for investors accessing our diverse, multi-asset markets.”
NYSE Euronext is currently awaiting the outcome of the European Commission’s competition probe into its planned merger with Germany’s Deutsche Börse, while the TSE is in discussions with the Osaka Stock Exchange, have agreed a deal to merge at the end of November.