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Singapore Exchange Limited (SGX) and Taiwan Futures Exchange (TAIFEX) are pleased to announce that they have signed a Memorandum of Understanding (MOU) to foster a closer relationship.
Under the MOU, both exchanges will develop a platform for information exchange on the operational and regulatory framework of their respective derivatives markets. This MOU serves to enhance both exchanges’ objectives to develop their respective financial markets.
Mr Andy Yeh, Chairman, TAIFEX, said, "This agreement will open up prospects for both exchanges to explore business opportunities in Asia, leading to the further advancement of our derivatives markets."
Mr Hsieh Fu Hua, CEO, SGX added, “We welcome this MOU with TAIFEX, which will benefit our respective markets.”
About Singapore Exchange Limited
Singapore Exchange Limited (SGX) is Asia-Pacific’s first demutualised and integrated securities and derivatives exchange.
SGX was inaugurated on 1 December 1999, following the merger of two established and well-respected financial institutions – the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (SIMEX).
On 23 November 2000, SGX became the first exchange in Asia-Pacific to be listed via a public offer and a private placement. Listed on its own bourse, the SGX stock is a component of benchmark indices such as the MSCI Singapore Free Index and the Straits Times Index.
For more information, please visit SGX website: www.sgx.com
About Taiwan Futures Exchange
TAIFEX currently offers 18 products, including stock index futures, stock index options, equity options with 30 underlying stocks, interest rate futures, and gold futures. The market is easily accessed not just by domestic investors but also international participants, who can use either direct or omnibus accounts. Taifex also allows trading for non-hedging purposes, and accepts US dollar for margin deposits. In addition to that, TAIFEX introduced 5 new measures in 2007, which are SPAN Margining System, Market Maker Program for Futures Products, Futures Calendar Spread Trading, Futures Calendar Spread Margin Reduction and Day Trading. These measures put TAIFEX further align its practices with international standards.
For more information in TAIFEX, please visit www.taifex.com.tw
