NYSE Euronext, TSE Agree to Link Their Networks

In a follow-up to its merger with Deutsche Boerse, NYSE Euronext announced it reached a deal with the Tokyo Stock Exchange to allow their customers to access each exchange's markets through a linked network.

The arrangement is designed to open up the Asian market to investments by European and U.S.-based financiers, while enabling the Asian markets to gain more exposure to capital outside their region, the companies said.

NYSE said the agreement will lower the cost of a network connection for customers trying to access both of the exchanges. Under the arrangement, customers using NYSE Euronext's Secure Financial Transaction Infrastructure hub can access the TSE's markets. And TSE's customers can link to NYSE Euronext's markets through its arrownet platform.

"Our collective goal is to leverage our technology and expertise to create a global trading community with direct access to the world's foremost markets," NYSE Euronext Chief Executive Duncan Niederauer said in a statement.

As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio