The Vienna Stock Exchange (VSE) has furthered its strategy of linking with non-European exchanges by signing an memorandum of understanding (MOU) with the Tokyo Stock Exchange (TSE).
The agreement is VSE’s fourth deal with an exchange outside Europe. It already has similar arrangements with exchanges in Almaty, Dubai and Shanghai.
Under the terms of the MOU, both exchanges have agreed to foster a closer relationship and explore collaboration in the area of financial products, such as exchange traded funds.
Both exchanges believe that this agreement will facilitate the development of securities markets in Asia and Europe and enhance more efficient and active circulation of capital in global markets.
“We look forward to collaborate closely with Wiener Börse in the areas which would lead to the benefit of both of our markets and investors globally,” said Atsushi Saito, president and CEO of the TSE Group, in a statement. “This MOU is expected to provide an excellent opportunity to materialise these intentions into the detailed arrangement between our markets, which would attract risk money globally into our markets.”