NYSE Group, Inc. (NYSE-Listed NYX) CEO John A. Thain and Tokyo Stock Exchange, Inc. (TSE) President & CEO Taizo Nishimuro hold a press briefing at the New York Stock Exchange on Wednesday, January 31 to announce the strategic alliance between the world’s financial market leaders.
Following the briefing, Tokyo Stock Exchange President & CEO Taizo Nishimuro joins NYSE Group CEO John Thain in ringing The Opening BellSM.
Click the links below to view archived webcasts of the press briefing and The Opening Bell.
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31 Jan 07 Press Release: NYSE Group and Tokyo Stock Exchange Enter Strategic Alliance
NYSE Group, Inc.
NYSE Group, Inc. (NYSE Group) is a holding company that, through its subsidiaries, operates two securities exchanges: the New York Stock Exchange (NYSE) and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx, and the Pacific Exchange). The Company is a provider of securities listing, trading and market data products and services. NYSE Group was formed in connection with the merger of the NYSE and Archipelago, which was completed on March 7, 2006. The NYSE offers liquid marketplace where investors buy and sell listed companies' common stock and other securities. NYSE Arca, an open, all-electronic stock exchange in the United States, enables customers to trade exchange-traded funds (ETFs) and exchange-listed securities. NYSE Arca is also an exchange for trading equity options. The Company also owns two-thirds of the Securities Industry Automation Corporation (SIAC).
The Tokyo Stock Exchange
Tokyo Stock Exchange, Inc. is the premier exchange for Japanese cash equities and derivative products from the perspective of investors both in Japan and abroad. In 2006, stock trading volume on TSE reached 502 billion shares. This has positioned TSE as the central market of Japan. Also in 2006, TSE recorded an average daily trading volume of 2,026.0 million shares, and daily average trading value of JPY 2,716.7 billion. At the end of December 2006, the number of listed companies was 2.416, with a market capitalization reaching JPY 549.7 trillion. In addition to its core Japanese equity market, TSE provides markets for derivatives products such as long-term Japanese government bond futures and TOPIX index futures. Japanese Government Bond (JGB) futures trading, , the cornerstone of TSE’s fixed income derivatives market and the benchmark of the Japanese bond market, continues to thrive on investor demand from across the globe. The JGB futures contract is one of the most active long-term interest rate futures contracts in the world, with its annual trading volume in 2006 reaching 12,049 thousand contracts. The TOPIX futures contract, which is actively traded by institutional investors, is the leading stock index futures product in Japan, with the largest open interest among Japanese stock index futures products.
The trading volume in 2006 rose to 15,907 thousand contracts in 2006, an increase of about 16.5% over 2005. With respect to these cash and derivative products, the TSE, as a self regulatory organization, continuously makes every effort to provide a fair, transparent, and efficient market. For more information on Tokyo Stock Exchange, go to: www.tse.or.jp/english/