(Tokyo/Vienna) The Vienna Stock Exchange today (VSE) announced it has signed a Memorandum of Understanding (MoU) with the Tokyo Stock Exchange, expanding its international network. The agreement is the fourth cooperation agreement with a non-European stock exchange for the VSE, who has similar arrangements with Almaty, Dubai and Shanghai. Additionally, the Vienna Stock Exchange has established a firm position in CEE based on nine MoUs signed with Central and East European stock exchanges.
By signing this MoU, the two exchanges confirmed their intention of working more closely together in the future. The CEOs of the two stock exchanges, Atsushi Saito (Tokyo) and Michael Buhl (Vienna), commented that the collaboration will benefit both capital markets as well as international institutional investors. The two stock markets will cooperate in the listing of exchange-traded funds (ETFs) on the indices calculated by the VSE on the Tokyo Stock Exchange. Buhl also stressed the significance for the Vienna Stock Exchange of being able to work together with one of the most important stock markets in the Asian-Pacific region. The market capitalization of the Tokyo Stock Exchange was USD 4,042bn as of the end of June (VSE: USD 198bn).