KOFEX and TIFFE will exchange information about listing of new products, changes of contract specifications and trading methods. Both exchanges will also provide the other with available information concerning market surveillance upon request from the other.
Moreover, KOFEX and TIFFE will have an opportunity to hold discussion in order to enhance their level of cooperation, in areas such as study of new products and cross-exchange membership, which enables each exchange member to access the other market.
Mr. In Won Lee, the Chairman and CEO of KOFEX, stated that, " We are so pleased to establish the first cooperative relationship with TIFFE. I will develop this relationship into a profitable cooperative business for both exchanges in the future. I hope that both exchanges will lead the Asia-pacific futures industry through the development of the relationship."
Mr. Jiro Saito, the Chairman and Chief Executive of TIFFE, stated that, "It is very significant for TIFFE to sign this MOU with KOFEX, as both exchanges list financial futures such as interest rate futures and currency futures. We expect to further strengthen the cooperation between TIFFE and KOFEX, and to make efforts to enhance market development of both exchanges."
