The New York Stock Exchange and Tokyo Stock Exchange Announce New Collaboration

The New York Stock Exchange and Tokyo Stock Exchange, Inc. announced a new agreement to support cross-border investment between the U.S. and Japan by collaborating in areas including product development, marketing, and information sharing. The two exchanges signed the memorandum during the visit of Japanese Prime Minister Fumio Kishida to the NYSE. The agreement was finalized in a ceremony on the NYSE trading floor. The NYSE and TSE have developed a cooperative relationship over decades, including the signing of an agreement on cooperation in February 2000 and the establishment of a strategic alliance in January 2007. Given the expanding role of capital markets and an evolving business environment that includes advances in digitalization, the two exchanges have agreed to strengthen and further advance their relationship to promote and support the development of both exchanges’ businesses. To further invigorate cross-border investment between the U.S. and Japan and develop the capital markets of both countries, the two exchanges have agreed to work together in three key areas. The agreement focuses on, first, the development of investment products; second, marketing activities targeted at U.S. and Japanese investors; and third, the exchange of information on sustainability, the use of digital technologies, market operations and other topics.