Bear Stearns to Become Full Member of the Tokyo Stock Exchange.TOKYO -- Bear Stearns (Japan), Ltd. announced today it will become a full member of the Tokyo Stock Exchange Tokyo Stock Exchange Main stock market of Japan, located in Tokyo. It opened in 1878 to provide a market for the trading of government bonds newly issued to former samurai. on October 1, 2005. Full membership will give Bear Stearns direct access to Asia's largest stock exchange, enabling the firm to execute Japanese equity trades more quickly and with greater efficiency. This capability will allow Bear Stearns to offer better execution to its clients in Japan and around the world. Full TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). membership will further enhance Bear Stearns' position as a leading provider of Prime Brokerage Prime Brokerage A special group of services that many brokerages give to special clients. The services provided under prime brokering are securities lending, leveraged trade executions, and cash management, among other things. services. Warren Spector, President and Co-Chief Operating Officer of Bear Stearns, said, "Bear Stearns is a significant participant in many exchanges around the world, so we are excited about becoming a full member of the largest stock exchange in Asia. Obtaining full membership in the Tokyo Stock Exchange further demonstrates our commitment to growing our franchise in Japan and the Asia region as a whole. It is also an important building block in our long-term strategy in the region and we take great pride in the TSE Board of Directors' approval of our application. Most importantly, we look forward to serving our global client base more effectively." Established in 1989, Bear Stearns (Japan), Ltd. is a fully licensed securities firm providing a broad range of global products and services. Bear Stearns serves a diverse customer base including financial institutions, corporations and public entities. Founded in 1923, The Bear Stearns Companies Inc. (NYSE NYSE See: New York Stock Exchange : BSC (Binary Synchronous Communications) See bisync. ) (hereinafter "Bear Stearns" or the "Company") is the parent company of Bear, Stearns & Co. Inc. With approximately $52.1 billion in total capital, Bear Stearns serves governments, corporations, institutions and individuals worldwide. The Company's business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales, trading and research, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services. Through Bear, Stearns Securities Corp., it offers financing, securities lending Securities Lending When a brokerage lends securities owned by its clients to short sellers. Notes: This allows brokers to create additional revenue (commissions) on the short sale transaction. , clearing and technology solutions to hedge funds, broker-dealers and investment advisors. Headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , the Company has approximately 11,500 employees worldwide. For additional information about Bear Stearns, please visit the firm's Web site at http://www.bearstearns.com/. |
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