TSE link with NYSE Euronext heralds strategic shift, but to what?
Market participants see the announced plan to build network links as a gesture of Tokyo’s desire to keep up with global exchange wheeling and dealing.
Market participants in Tokyo say this week’s announcement by Tokyo Stock Exchange and NYSE Euronext to link their networks is less a practical decision and more a gesture from TSE about how it may proceed in an era of stock-exchange consolidation – an era that seems to have passed the TSE by.
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