 The Tokyo exchange is Asia's biggest |
The Tokyo Stock Exchange, Asia's biggest bourse, has said it is in talks with the London Stock Exchange (LSE) to set up a strategic alliance. Cross-listing funds and co-operating to develop trading systems are among the issues believed to be under discussion.
However, a spokesman for the Tokyo exchange said that a financial tie-up was not on the agenda.
Earlier this month, the Nasdaq signed a co-operative agreement with the Korea Exchange and Japan's Jasdaq.
Global exchanges are looking for partners around the world as the industry witnesses rapid consolidation.
The Nasdaq has built up a 25% stake in the LSE, while the New York Stock Exchange struck a $10bn deal in June to take over the pan-European exchange Euronext - a move that Deutsche Boerse is keen to scupper.
One-Minute World News 
News services
E-mail this to a friend 
Printable version 
Marketwatch ticker
