Nasdaq Japan wooed Nagoya bourse as new ally in May.

Japan Weekly Monitor, September, 2002

NAGOYA, Sept. 6 Kyodo

Nasdaq Japan Inc., the co-operator of the Nasdaq Japan market with the Osaka Securities Exchange (OSE), proposed to the Nagoya Stock Exchange in early May that it and the exchange tie up to set up a new market, a senior official at the Nagoya bourse said Friday.

The official quoted a senior Nasdaq Japan official as telling the Nagoya bourse, ''We do not intend to renew the (tie-up) contract with the OSE. Unless we can find a new business partner, we will pull out of Japan.''

But the Nagoya exchange told the Nasdaq Japan official, ''It would be pointless engaging in an enterprise similar to the one which your company has done with the OSE,'' according to the official.

The Nagoya side gave the negative...