NASDAQ OMX And TAIFEX To Cooperate In Derivatives Intelligence

The NASDAQ OMX Group, Inc. and the Taiwan Futures Exchange (TAIFEX) have signed a Memorandum of Understanding (MOU) with the intent to pursue a business partnership. The two exchanges will share information and practices regarding product development, market operations and

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The NASDAQ OMX Group, Inc. and the Taiwan Futures Exchange (TAIFEX) have signed a Memorandum of Understanding (MOU) with the intent to pursue a business partnership.

The two exchanges will share information and practices regarding product development, market operations and common interest areas in the derivatives market.

“In response to the rapidly changing global financial landscape, TAIFEX and NASDAQ OMX will work closely to leverage unique knowledge from each other’s markets,” says Steve Wang, president, TAIFEX. “NASDAQ OMX is an intercontinental and well-established exchange that has made an impressive mark in the derivatives market.”

“I am confident that our agreement with TAIFEX will provide a solid platform for our exchanges to pursue a mutually beneficial relationship,” says Magnus Bocker, president, NASDAQ OMX.

“TAIFEX offers one of the world’s fastest growing derivatives markets in one of the leading financial centers of the world and we look forward to drawing on their experience. In addition, this agreement further strengthens NASDAQ OMX’s presence in the Asia-Pacific region, where our technology today powers 12 exchanges.”

L.D.

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