The Tokyo Stock Exchange (東京証券取引所, Tōkyō Shōken Torihikijo), abbreviated as Tosho (東証) or TSE/TYO, is a stock exchange located in Tokyo, Japan. It is the third largest stock exchange in the world by aggregate market capitalization of its listed companies, and the largest in Asia.[citation needed] It had 2,292 listed companies with a combined market capitalization of US$5.67 trillion as of February 2019.[citation needed] The exchange is owned by the Japan Exchange Group (JPX), a holding company that it also lists (TYO: 8697). JPX was formed from its merger with the Osaka Exchange; the merger process began in July 2012, when said merger was approved by the Japan Fair Trade Commission. JPX itself was launched on January 1, 2013.
