Published On: Fri, Apr 8th, 2011

Bombay Stock Exchange Signs Memorandum of Understanding with Osaka Securities Exchange

Bombay Stock Exchange Ltd. (BSE) signed a memorandum of understanding (MOU) April 8 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.”

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