India, Turkey join in exchange ties

Kyodo

Japan Exchange Group Inc., operator of the Tokyo and Osaka stock exchanges, said Thursday it has tied up with Indian and Turkish bourses as part of efforts to attract more capital by expanding its product lineup for emerging market investments.

Japan Exchange Group, a holding company created this month for Japan’s two biggest bourses, and National Stock Exchange of India Ltd. have agreed that the Osaka Securities Exchange will launch yen-denominated Indian stock-index futures.

The Istanbul Stock Exchange has meanwhile agreed with Japan Exchange to mutually list their exchange-traded funds on the Turkish bourse and the Tokyo Stock Exchange.

Derivatives trading on the two Japanese exchanges will be consolidated at the Osaka bourse by March 2014, while cash stock and ETF trading is set to be integrated at the Tokyo bourse in July.