Tokyo, Osaka bourses launch joint holding company to merge operations

2013-01-01 09:08:13 GMT2013-01-01 17:08:13(Beijing Time)  Xinhua English

TOKYO, Jan. 1 (Xinhua) -- Tokyo Stock Exchange Group Inc. (TSE) and Osaka Securities Exchange Co. (OSE) on Tuesday launched a joint holding company to further merge their operations.

The two bourses' operations merged under Japan Exchange Group Inc. with their cash stock trading set to be integrated in July, Japanese media reported

OSE President Michio Yoneda, who has become the holding firm's chief operating officer, has said he will seek integration of commodities trading, even though Tokyo Commodity Exchange Inc. remains cautious about a merger with Japan Exchange Group, according to Kyodo News Agency.

Shares of the Japan Exchange Group will be listed on the TSE on Jan. 4 when the stock market reopens.

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