As the Asian economy is boosting steadily, Nasdaq OMX, the US based Exchange Securities Group, is preparing their second stab by stepping in to the Japanese Market in association with Osaka Securities Exchange, in order to target the Asian investors; reports the domestic media.
The earlier venture of Nasdaq into the Japanese Market in 2000 failed. It was closed within two years odd years, failing to fight with Japan’s bullish broker Nomura Securities and other players.
This new Securities Exchange is expected to function from the beginning of January 2012. According to the Yomiuri newspaper, this new exchange will facilitate trading for broad array of investors. Simultaneously, Kyodo news agency reports that Nasdaq’s venture will allow stock traders to list their stocks in the Tokyo Stock Exchange.
The second bourse of the Japanese Market, Osaka Securities Exchange, denied commenting on Nasdaq’s venture in to the Japanese Market.
Masahiro Yada, the spokesman said that they are undergoing continuous conversation with Nasdaq on various derivatives at the Osaka Securities Exchange, and the reported project is been discussed and planned frequently.
In 2010, Osaka Securities Exchange merged with the biggest market of Japan for start-ups, Jasdaq. Later, Jasdaq absorbed the Hercules market, successor of Nasdaq Japan.
Presently, Osaka Securities Exchange leads the derivatives trading and Tokyo Stock Exchange leads the stock trading in Japan.
