U.S.-based Nasdaq OMX Group (NDAQ.O) is looking at having a second stab at setting up a market in Japan with the Osaka Securities Exchange (8697.OS), hoping to attract investors from emerging Asian economies, domestic media reported.
The two stock market operators opened the Nasdaq Japan market for start-ups in 2000 but closed it two years later after its order-matching system failed to find favor with Japan’s No.1 broker Nomura Securities and other major players.
The new exchange could open as early as January 2012 and would offer night and small lot trading to facilitate participation by a broad variety of investors, the Yomiuri newspaper reported. Kyodo news agency said the new market may also allow trading of stocks listed on the Tokyo Stock Exchange.
The Osaka Securities Exchange, Japan’s No.2 bourse, declined to comment.
Read the rest of the story: Nasdaq looking at new foray into Japan: reports.