Thursday February 7 2013
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: International
Link: http://www.eurexgroup.com/group-en/newsroom/press-releases/395542/
TAIFEX, the Taiwan Futures Exchange, and Eurex Exchange, the international derivatives marketplace, have announced an extensive product cooperation to trade and clear derivatives based on the TAIEX index. A Letter of Intent (LoI) was signed today by Dr. Tony Fan, Chairman TAIFEX, and Andreas Preuss, CEO Eurex, in Taipei, Taiwan. The LoI foresees to establish a link between both marketplaces. As a first step, the partners plan to list TAIEX options and TAIEX futures as daily expiring futures on Eurex Exchange in Q4 2013.
With this product cooperation, TAIEX options and futures will be available after Taiwanese trading hours for the first time. The product listing enables international investors and traders to access the TAIEX index derivatives market during European and US core trading hours. At the end of each trading day at Eurex, the open interest will be transferred to the TAIFEX clearing house.
Click on the above link for more details.