ISE, OSE to Form New Options Exchange

After signing the agreement, the two exchanges have begun negotiations to define the specific details concerning financial contributions that will be made by both exchanges, the percentage of ownership and technology selection, says an ISE spokesperson, who expects these issues to be hammered out in the months to come.

Currently, there is a small market in Japan for single-stock options, although the OSE and the Tokyo Stock Exchange (TSE) have limited trading of these instruments, according to

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