Stock exchanges switching to SWIFT for corporate action messaging

The Tokyo Stock Exchange becomes the first Asian exchange to use SWIFT to deliver corporate action messages.

It was announced yesterday that from January 2005, the Tokyo Stock Exchange TSE will become the first Asian stock exchange to disseminate corporate action information through SWIFTNet. The move comes as the exchange seeks to get more international investors and issuers participating in its exchange.

SWIFT is worldwide and so this means we can get more information to more global users, said Tomoyoshi Uranishi, executive officer of the TSE at Sibos yesterday.

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