Tokyo Bourse to Aid with Burmese Exchange Plans

Rangoon
Downtown Ragoon, Burma's largest city. Infrastructural developments are needed to faciliate an electronic market.

The Tokyo Stock Exchange (TSE) and Daiwa Securities have announced the reception of preliminary approval for establishing a securities exchange in Burma.

Following a memorandum of understanding with the Central Bank of Myanmar (CBM), Burma's official name, the companies will assist with the establishment of a bourse and the operation of a capital market by 2015.

Daiwa has been involved in the country's economic system since the establishment of the Myanmar Securities Exchange Centre (MSEC) in 1996, although shares for just two firms are listed on it.

"With our 15-year history of supporting Myanmar, we are delighted to have the help of TSE and CBM as we enter a new stage in the formation of the Myanmar capital market," says Takashi Fukai, president and representative director at Daiwa Institute of Research (DIR). "DIR hopes to continue contributing to the establishment and future development of a capital market, utilizing its strengths as the Daiwa Securities Group's core information-generating arm, while also modernizing Myanmar's financial systems and promoting the spread of IT throughout the country."

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Nasdaq reshuffles tech divisions post-Adenza

Adenza is now fully integrated into the exchange operator’s ecosystem, bringing opportunities for new business and a fresh perspective on how fintech fits into its strategy.

Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here