Friday January 3 2014
News Source: Global Exchanges
Focus: Money Market Funds
Type: General
Country: European Union
Link: http://www.eurexchange.com/exchange-en/about-us/news/765462/
Eurex Zürich AG is becoming a minority shareholder of the Taiwanese futures exchange TAIFEX. Subject to regulatory approval by the Taiwanese authorities Eurex will acquire a 5-percent stake in TAIFEX from Yuanta Financial Holdings. The agreed purchase price is 47 million US dollars. The Yuanta Group will remain a shareholder in TAIFEX after the planned sale of the 5-percent stake.
From May 2014, Eurex and TAIFEX are planning to list daily futures based on futures and options on the Taiwanese blue-chip index TAIEX for the first time after Taiwanese trading hours at Eurex Exchange. This Eurex/TAIFEX Link has already been approved by the Taiwanese regulator, the Financial Supervisory Commission.
Click on above link for further details.