TSE and MSE sign Memorandum of Understanding
Thursday, 15 May 2008
TOKYO, May 15, 2008 Tokyo Stock Exchange Group, Inc. (TSE Group) and Mongolian Stock Exchange (MSE) signed a Memorandum of Understanding (MOU) today.
Both Exchanges wish to foster the development of channels of communication and a cooperative relationship between them for the purpose of supporting and advancing the development of the securities markets in both Japan and Mongolia. Under the agreement, the two Exchanges will consider the possibility of co-operating on such matters as may be considered in the interests or for the mutual benefit of them.
Mr. Atsushi Saito, President and CEO of the TSE Group said, I hope this MOU will contribute to the cooperative relationships between two Exchanges and the development of both markets as well as Asian market.
Mr. Sodkhuu Rentsen, CEO of the MSE said, I am confident that the MOU will help bring Mongolia and Japan closer together and strengthen our two Exchanges partnership in the period ahead.
About Tokyo Stock Exchange Group, Inc.:
TSE Group is a holding company of the Tokyo Stock Exchange, Inc., one of the leading global exchanges and the largest securities market in the Asia-Pacific region. The TSE Group is best known for its equities market, valued at US$4.2 trillion as of the end of April 2008. It also boasts the largest market for Japanese securities derivatives such as Japanese Government Bond (JGB) and TOPIX (Tokyo Stock Price Index) futures.
About the Mongolian Stock Exchange:
Mongolian stock exchange is a sole provider of securities trade related services in Mongolia and is 100 per cent government owned incorporation. MSE is putting much emphasis on its co-operation with foreign exchanges. At present MSE is collaborating with exchanges such as Taiwan Stock Exchange, GreTai Securities Market, Korea Exchange, Istanbul Stock Exchange, Hong Kong Exchanges and Clearing, and Singapore Exchange in terms of MOU s and agreements. MSE is a member of Federation of Euro-Asian Stock Exchanges (FEAS) and Asian and Oceanian Stock Exchanges Federation (AOSEF).