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Osaka completes Jasdaq merger
13 May 2010
Japan’s Osaka Securities Exchange and Jasdaq Securities Exchange announced in early April that the merger between the two exchanges had been completed.
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OSE
Jasdaq
NEO
The OSE has begun operating both Jasdaq and its
NEO division, which deals with companies with small market capitalisations.
The OSE already owned 76% of Jasdaq after a
tender offer at the end of 2008. Final merger talks between the two exchanges
were first reported last summer.
Jasdaq began life in 1963 as a repository for
OTC securities, set up by the Japan Securities Dealers Association. It filed
for permission to become a listed securities exchange in 2004, becoming the
first new exchange in Japan for some 50 years.