The Tokyo Stock Exchange and South Korea’s Korea Exchange, known as KRX, signed a tieup contract in stock trading Friday afternoon in hopes of coping with the global trend of equity market realignment, TSE officials said.

The accord was signed by TSE Chairman and CEO Taizo Nishimuro and his South Korean counterpart, Lee Young Tak, at the Tokyo bourse.

Nishimuro earlier expressed hope that the TSE-KRX deal serves as an impetus to promote wider Asian capital flows.

The joint arrangement will involve establishment of a system through which the two exchanges relay stock trade orders from their respective countries and cooperation in investor relations activities for companies going public on the other country’s exchange.

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