December 28th, 2010
Reuters: U.S.-based Nasdaq OMX Group (NDAQ.O) is looking at having a second stab at setting up a market in Japan with the Osaka Securities Exchange (8697.OS), hoping to attract investors from emerging Asian economies, domestic media reported. Follow up:
Follow up:The two stock market operators opened the Nasdaq Japan market for start-ups in 2000 but closed it two years later after its order-matching system failed to find favor with Japan's No. 1 broker Nomura Securities and other major players.
The new exchange could open as early as January 2012 and would offer night and small lot trading to facilitate participation by a broad variety of investors, the Yomiuri newspaper reported. Kyodo news agency said the new market may also allow trading of stocks listed on the Tokyo Stock Exchange. Read more.....