If the Tokyo Stock Exchange and the New York Stock Exchange can work out an alliance of sorts, it seems unlikely that Softbank will not be tradeable on the NYSE considering that it is often the highest yen valued stock trading on the TSE. They will very likely devise a way to make it happen:
TSE to Announce Alliance With NYSE Soon; Seeking Other Tie-ups
TSE to Announce Alliance With NYSE Soon; Seeking Other Tie-ups
Tokyo, Jan. 18 (Bloomberg) -- The Tokyo Stock Exchange will
soon announce an alliance with the New York Stock Exchange, TSE
President Mitsuhide Yamaguchi said, adding the exchange is seeking
partnerships with other foreign exchanges as well.
``We'll be announcing an agreement in the not-too-distant
future. We're not ready to do so just yet, but are in the final
phase (of negotiations),' Yamaguchi said during a monthly press
meeting.
The TSE is also seeking other partnerships, possibly with
Asian and European exchanges, as well as partial alliances in the
area of futures and derivatives, he added. ``There are various
angles that can be pursued in an alliance,' he said.
Japan's government-led deregulation of financial markets has
reached the country's largest exchange, which now faces
competition from foreign stock exchanges and computerized order-
matching services called Electronic Communications Networks, or
ECNs.
The U.S. National Association of Securities Dealers has a
joint venture with Japan's Softbank Corp. to create a Japanese
version of the Nasdaq market this year. Trading company Mitsui &
Co. meanwhile plans to set up an ECN for after-hours trading of
TSE stocks in a joint venture with online brokers DLJdirect-SFG
Securities Co. and Monex Securities Co.
Considering the changing environment where individual
investors can place orders overnight via the Internet, the TSE
will consider extending its trading hours, Yamaguchi said today.
NYSE/AMEX delayed 20 min. NASDAQ delayed 15 min.
|
