TOKYO - Negotiations for an alliance between the Tokyo and New York stock exchanges have been completed, Japan's main bourse said Wednesday.

Traders work the floor of the New York Stock Exchange in 2006. [AFP]

An announcement of the results of the talks will be made Thursday morning in New York, Tokyo Stock Exchange spokesman Toru Onoda said.

Nishimuro and NYSE Group Inc.'s chief executive, John Thain, have met several times during the past week about forging greater cooperation between the two exchanges.

Nishimuro first brought up the idea of an alliance last year, when the NYSE announced it would acquire Paris-based stock exchange operator Euronext NV.