The Tokyo Commodity Exchange and Tokyo Stock Exchange Group, Inc. Sign MoU

2008.1.16

The Tokyo Commodity Exchange (TOCOM) and the Tokyo Stock Exchange Group, Inc. (TSE Group) have today signed a Memorandum of Understanding (MoU) on comprehensive cooperation between the two exchanges.

Both exchanges believe that this agreement, while contributing to the mutual development of their markets, will also be conducive to providing greater convenience to market participants.

Based on this MoU, the Exchanges will jointly study and discuss the possibility of cooperation in the fields of listing ETFs that track commodities and commodity indices on the TSE market, listing underlying commodities and commodity indices on the TOCOM market as well as arbitrage trading between the two Exchanges which will result from these listings.

Commenting on the occasion, TOCOM’s Chairman and Chief Executive Officer, Mr. Masaaki Nangaku, said “Through this cooperative relationship, we expect to offer new instruments for investment and hedging purposes, as well as to improve the function of price formation, which, we believe, will be for the great benefit of not only the market participants of both exchanges, but also the industry and financial community as a whole.”

TSE Group President & CEO, Mr. Atsushi Saito, commented, “We believe that our two exchanges will further strengthen our cooperative relationship through this MOU, providing investors of both exchanges with various attractive investment products. We hope this will contribute to an enhancement of the function and the international competitiveness of the commodity derivatives market and the capital market in Japan.”

For further information please contact:

The Tokyo Commodity Exchange
International Affairs Section
Tel: +81 3 3661 9215
www.tocom.or.jp

Tokyo Stock Exchange Group, Inc.
Corporate Communications
Tel: +81 3 3666 1361
www.tse.or.jp

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