Japan's Osaka bourse to tie with Chicago's CME

Tue Sep 2, 2008 11:00pm EDT
 
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TOKYO, Sept 3 (Reuters) - The Osaka Securities Exchange (OSE) (8697.OJ), Japan's second-largest bourse, said it will sign an agreement with the Chicago Mercantile Exchange (CME.O) on Wednesday.

Jiji news agency said the two exchanges would agree to start talks to enable the trading of Nikkei index futures around the clock.

The Osaka bourse declined to disclose details of the agreement ahead of the official announcement.

The OSE is the largest market for Nikkei 225 index futures, the most popular type of Japanese equities index futures. The Singapore Exchange (SGXL.SI) is the second-largest market followed by the CME.

U.S. equities index futures, such as S&P and Nasdaq index futures, can be traded on the CME's Globex 24-hour system. (Reporting by Yumiko Nishitani; Editing by Edwina Gibbs)

 

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