Tuesday August 27 2013
News Source: Global Exchanges
Focus: Other
Type: General
Country: International
Link: http://www.twse.com.tw/en/about/press_room/tsec_news_detail.php?id=12526
The Taiwan Stock Exchange (TWSE) has announced the signing of a Memorandum of Understanding (MOU) with the MIAX Options Exchange (MIAX) to foster mutual cooperation and information exchange in a mutually beneficial partnership.
The signing of the MOU will enable U.S. ETF issuers to launch options on MIAX which track ETFs linked to TWSE listed stocks. This could improve international links to the Taiwan capital market and encourage more investors to trade Taiwan securities. By strengthening cooperation with foreign exchanges, TWSE hopes to enhance the international standard and competitiveness of the Taiwan capital market.
The TWSE-MIAX MOU also aims to promote international cooperation and the development of ETFs comprising of Taiwan securities. It will also help to boost trading volumes and the liquidity of the Taiwan capital market.
TWSE has previously signed MOUs with NYSE Euronext, NASDAQ-OMX Exchange, BATS Exchange and Hong Kong Stock Exchange to obtain information on securities issued overseas by TWSE listed companies, as well as overseas ETFs linked to TWSE securities.
Click on the above link for more details.