The Tokyo Stock Exchange Group, Inc. has decided to put its planned initial public offering on hold, citing the tough market environment.

The TSE Group had planned to go public at some point this year, but Tuesday, it said, “having taken the recent difficult market conditions and its future profit plan into account, [it] has decided to revise the timing of its plan for an initial public offering.”

The exchange said that it remains committed to its plan to undertake an IPO and aims to carry out the move, “at the earliest opportunity available during or after fiscal year 2010, contingent upon the turnaround of the global financial markets and our future revenue.”

IE