Singapore Mercantile Exchange, Taiwan Futures Exchange sign MoU

22:25, October 20, 2010      

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The Singapore Mercantile Exchange (SMX) on Wednesday signed an agreement with the Taiwan Futures Exchange (TAIFEX) to explore bilateral business opportunities.

The Memorandum of Understanding (MoU) will facilitate development of communication channels, and foster continuing partnerships beneficial to both sides' financial services industries.

Under the MoU, the exchanges will work towards sharing information relating to the technology to be used for and the design of derivative products, business development concepts and various marketing efforts, with a view to utilize the information to advance the development of markets operated by each exchange.

Among many other cooperative features, the MoU will pave the way for the TAIFEX and SMX to establish processes for regular bilateral meetings between senior executives to enhance understanding of each other's market developments and activity.

Both exchanges will also work on joint research projects and host seminars on topics of mutual interest to both parties.

Source: Xinhua

(Editor:张茜)

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