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The country’s oldest bourse Bombay Stock Exchange on Thursday said it has entered into a pact with the Osaka Securities Exchange, a move that will help develop financial markets in India and Japan.
“Signing of the memorandum of understanding (MoU) with OSE 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,” BSE’s MD and CEO Mr Madhu Kannan said.
Osaka Securities Exchange (OSE) is the Japan’s largest derivatives exchange. Besides, it is the only listed exchange in Japan whose shares have been traded on its own market since April 2004.
As part of the agreement, both exchanges will seek to develop opportunities, which include cross-licensing of indices and other potential areas of cooperation.
The agreement will lead to further development of financial markets both in India and Japan and creation of new benefits for investors in Asia.
“We believe the signing of 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,” OSE President and CEO Mr Michio Yoneda said.
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