BSE signs MoU with Osaka Securities Exchange

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These are litle older updates for Bombay Stock exchange, but since related to my blog I am posting it The complete original text can be read here.

In April 2011, Bombay Stock Exchange Ltd. (BSE) today signed a memorandum of understanding (MOU) with the Osaka Securities Exchange Co, Ltd. (OSE) to create a cooperative relationship for the development of financial markets in India and Japan. As part of the MOU, both exchanges will seek to develop opportunities which include cross-licensing of indices and other potential areas of co-operation.


“We believe the signing of the MOU with BSE, which is India’s largest stock exchange and has the well-known benchmark index SENSEX, will be a significant step towards mutual cooperation of two exchanges,” said Michio Yoneda, President & CEO of Osaka Securities Exchange Co, Ltd. “In a globalized financial market, investment activities have also become increasingly globalized. We hope this MOU will lead to further development of financial markets both in India and Japan and create new benefits for investors in Asia and all over the world.”

Signing the MOU Madhu Kannan, MD & CEO of the Bombay Stock Exchange said, “The signing of the MOU with Osaka Securities Exchange will help create a platform to facilitate wider investor access to world-class investment products from both exchanges, a move which will be mutually beneficial to the exchanges and investors alike.

About OSE

Osaka Securities Exchange Co., Ltd. (OSE) is the Japan’s largest derivatives exchange and operates “JASDAQ,” the largest growth market in Japan.

In 2010, total trading volume of all derivative contracts hit the record high of 196,350,000 units. Especially, Nikkei225 mini, a small-sized stock index futures contract, has achieved significant growth, whose trading volume reached 125,110,000 units, increasing by 19.5% from the previous year.

In April 2010, OSE merged operations with Jasdaq Securities Exchange Inc., and, in October 2010, integrated “Hercules,” its existing growth market, and JASDAQ to form the new “JASDAQ” market with about 1,000 listed companies.

OSE is the only listed exchange in Japan whose shares have been traded on its own market since April 2004.