The Tokyo Stock Exchange and the New York Stock Exchange said Tuesday that they have agreed to share information on market transactions to ensure fairness and transparency in both markets.
"It is very significant that the TSE and the NYSE have agreed to cooperate with each other for their market surveillance activities," Masaaki Tsuchida, TSE president and chief executive officer, said in a statement.
Under the agreement, the two exchanges can ask each other to provide information or documents relating to financial instruments traded on their markets as well as information relating to members and trading participants.
The move is part of an agreement the exchanges signed in February 2000 for comprehensive cooperation.
The two exchanges said they will support and promote efforts toward the international harmonization of market surveillance regulations and standards.