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SBI Holdings, Sumitomo Mitsui FG to launch a digitalized stock exchange - sources

TOKYO, Jan 28 (Reuters) - Japanese financial firms SBI Holdings and Sumitomo Mitsui Financial Group will launch a digitalized stock exchange to provide an alternative trading platform to the Tokyo Stock Exchange, sources said on Thursday.

As a preparatory step, the two companies will set up a joint venture in March, with SBI investing 60% and SMFG 40%, one of the sources said. The sources declined to be identified as the talks are still private. (Reporting by Yuki Nitta, Writing by Makiko Yamazaki; Editing by Toby Chopra)

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