TSE Group and TOCOM Establish an Emissions Trading Exchange Preparatory Company
Tokyo Stock Exchange Group, Inc. (TSE Group) and Tokyo Commodity Exchange, Inc. (TOCOM) announced April 1 that they created a joint-company in order to prepare for the establishment of an emissions trading exchange based on the Memorandum of Understanding signed by both parties on October 29, 2009.
TSE Group and TOCOM shall continue deliberations based on international and domestic policy trends and discussions regarding climate change.
* Name: Emissions Trading Exchange Preparatory Corporation, Inc.
* Location: Chuo-ku, Tokyo
* Capital: JPY 10 million
* Shareholders: TSE Group 50 shares (50%), TOCOM 50 shares (50%)