As part of the MoU, both exchanges will seek to develop opportunities which include cross-licensing of indices and other potential areas of co-operation.
BSE is one of Indiaâ€™s leading exchange groups and has played a prominent role in developing the Indian capital market.
BSE is a corporatized and demutualised entity, with a broad shareholder-base which includes two leading global exchanges, Deutsche Bourse and Singapore Exchange as strategic partners.
BSE provides an efficient and transparent market for trading in equity, debt instruments, derivatives and mutual funds.
In April 2010, OSE merged operations with Jasdaq Securities Exchange.
Michio Yoneda, president and CEO of OSE, said: â€œWe believe the signing of the MoU with BSE, which is the Indian largest stock exchange and has the well-known benchmark index SENSEX, will be a significant step towards mutual cooperation of two exchanges.
â€œIn a globalized financial market, investment activities have also become increasingly globalized. We hope this MOU will lead to further development of financial markets both in India and Japan and create new benefits for investors in Asia and all over the world.â€
Madhu Kannan, managing director and CEO of the BSE, said: â€œThe signing of the MoU with Osaka Securities Exchange will help create a platform to facilitate wider investor access to world-class investment products from both exchanges, a move which will be mutually beneficial to the exchanges and investors alike.â€
Will the MoU benefit the firms?
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