The Japan Securities Dealers Association (JSDA) announced last week that it had approved plans to sell more than 50 percent of its 72 percent stake in the Jasdaq Securities Exchange to the Osaka Securities Exchange (OSE). However, the deal, which would make OSE Jasdaq's majority owner, still has some kinks to work out.
Jasdaq, which lists mainly technology-oriented start-ups, is Japan's answer to the Nasdaq Stock Market. OSE, the country's biggest derivatives venue and second-largest securities exchange, has since 2003 operated a similar market--Hercules.
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