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Presidents of operators of Tokyo, Osaka bourses

Presidents of operators of Tokyo, Osaka bourses

OSAKA, Japan - Atsushi Saito (L), president of Tokyo Stock Exchange Group Inc., and Michio Yoneda, president of Osaka Securities Exchange Co., are pictured prior to the start of a meeting to discuss the details of the two entities' planned merger, at the Osaka bourse on Dec. 29, 2011. The two companies announced in November that they will merge in January 2013.

Merger of Tokyo, Osaka stock exchanges

Merger of Tokyo, Osaka stock exchanges

OSAKA, Japan - Michio Yoneda, president of Osaka Securities Exchange Co., holds a press conference in Osaka on Nov. 20, 2012. Shareholders of Tokyo Stock Exchange Group Inc. and Osaka Securities Exchange Co. approved the same day the bourses' merger on Jan. 1 and the founding of Japan Exchange Group Inc., a holding company for the two exchanges.

Merger of Tokyo, Osaka stock exchanges

Merger of Tokyo, Osaka stock exchanges

TOKYO, Japan - Atsushi Saito, president of Tokyo Stock Exchange Group Inc., holds a press conference in Tokyo on Nov. 20, 2012. Shareholders of Tokyo Stock Exchange Group Inc. and Osaka Securities Exchange Co. approved the same day the bourses' merger on Jan. 1 and the founding of Japan Exchange Group Inc., a holding company for the two exchanges.

Merger of Tokyo, Osaka stock exchanges

Merger of Tokyo, Osaka stock exchanges

OSAKA, Japan - Photo taken Nov. 20, 2012, shows the Osaka Securities Exchange in Osaka's Chuo Ward. Shareholders of Tokyo Stock Exchange Group Inc. and Osaka Securities Exchange Co. approved the same day the bourses' merger on Jan. 1 and the founding of Japan Exchange Group Inc., a holding company for the two exchanges.

Presidents of operators of Tokyo, Osaka bourses

Presidents of operators of Tokyo, Osaka bourses

TOKYO, Japan - Combined photo shows Atsushi Saito (left frame), president of Tokyo Stock Exchange Group Inc., and Michio Yoneda, president of Osaka Securities Exchange Co., at a press conference in Tokyo on Nov. 22, 2011. The two companies announced the same day they have agreed to merge amid consolidation moves among international rivals, becoming the world's second-largest bourse.

Tokyo, Osaka stock bourses to enter integration talks

Tokyo, Osaka stock bourses to enter integration talks

TOKYO, Japan - Combination photo shows Tokyo Stock Exchange in Tokyo (L) and Osaka Securities Exchange in Osaka (R) taken on March 10, 2011. The two bourses will enter negotiations on integrating their operations, sources familiar with the matter said the same day.

Tokyo, Osaka stock bourses to enter integration talks

Tokyo, Osaka stock bourses to enter integration talks

TOKYO, Japan - Combination photo shows Tokyo Stock Exchange in Tokyo (L) and Osaka Securities Exchange in Osaka (R) taken on March 10, 2011. The two bourses will enter negotiations on integrating their operations, sources familiar with the matter said the same day. (Kyodo)