Under the agreement, the two Exchanges will share information on market and product development and potentially work toward developing markets for new derivative products.
CBOT President and CEO Bernard Dan said, "We welcome the opportunity to share intellectual resources with leaders of the Taiwan Futures Exchange. We look forward to the possibility of working together on product and market development projects that will add value to our current product mix."
TAIFEX President Dr. Foo-shiung Ho said, "By entering into a working arrangement with the CBOT, we are poised to greatly increase future business opportunities. Since being established in 1998, we have actively pursued involvement in international alliances that would benefit our goal to internationalize and develop our products and markets."
