As part of the MoU, both exchanges will seek to develop opportunities which include cross-licensing of indices and other potential areas of co-operation.
OSE president and CEO Michio Yoneda said that OSE believe the signing of the MoU with BSE, which is India’s largest stock exchange and has the well-known benchmark index SENSEX, will be a significant step towards mutual cooperation of two exchanges.
"We hope this MOU will lead to further development of financial markets both in India and Japan and create new benefits for investors in Asia and all over the world," Yoneda said.
BSE MD and CEO Madhu Kannan said that the signing of the MoU with Osaka Securities Exchange will help create a platform to facilitate wider investor access to world-class investment products from both exchanges, a move which will be mutually beneficial to the exchanges and investors alike.
