TOKYO (Thomson Financial) - The Japan Securities Dealers Association (JSDA), which owns more than 70 percent of the Jasdaq Securities Exchange, will decide whether it should sell its Jasdaq shares to the Osaka Securities Exchange (OSE) at a meeting of a special JSDA committee today, the Nikkei reported.
The association hopes to begin negotiations with the OSE early in the new year, with the goal of merging the Jasdaq with the OSE's Hercules market, the business daily said, without citing sources.
Consolidating the two bourses is expected to lower both operating and trading costs and help revitalize the start-up markets, the report said.
The association had initially looked at four options, which included merging with the Tokyo Stock Exchange, integrating with the OSE, merging with both, or allowing the Jasdaq to continue operating on its own.
(1 US dollar = 114.24 yen)
yasuhiko.seki@thomson.com - yas/ng COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.