The Taiwan Futures Exchange (TAIFEX) and the Bursa Malaysia Derivatives Berhad (BMD) announced that they have signed a Memorandum of Understanding (MOU) with the intent to pursue a mutually beneficial business partnership today.
The two exchanges will share information and best practices pertaining to product development, market operations, and in the areas of common interest for both markets.
Bing-Jing Huang, president of TAIFEX, said in a statement that the Taiwan Futures Exchange is reputable for its equity index derivatives, while Bursa Malaysia Derivatives Berhad has the world’s most liquid Crude Palm Oil futures.
“Through the exchange of successful experience and the sharing of information and resources, I believe our cooperation can create synergy and pave the way for further development of both markets,” Huang added.
Developing Asia's derivatives market
“The signing of this MOU is a positive step that will contribute towards the development of the Asian derivatives market. It comes in accordance with our internationalisation strategy that will facilitate cooperation in terms of products and market development, and create more opportunities for both exchanges. We hope this MOU will lay the foundations to a long lasting and fruitful relationship between BMD and TAIFEX,” Datuk Muhamad Umar Swift, chairman of BMD, stated.
TAIFEX was established in 1997 as Taiwan’s sole futures exchange. It provides a wide range of futures and options across Equities , equity indices, foreign exchange and commodities and equity option TAIEX Options.
BMD is a wholly-owned subsidiary of Bursa Malaysia Bhd and provides, operates and maintains a futures and options exchange.
