KUALA LUMPUR, 18 May 2020 – The Taiwan Futures Exchange (TAIFEX) and the Bursa Malaysia Derivatives Berhad (BMD) today signed a Memorandum of Understanding (MOU) with the intent to pursue a mutually beneficial business partnership. The two exchanges will share information and best practices pertaining to product development, market operations, and in the areas of common interest for both markets.
Established in 1997 as Taiwan’s sole futures exchange, Taiwan Futures Exchange (TAIFEX) provides a wide range of futures and options across equities, equity indices, FX and commodities, including one of the world’s most traded equity option – TAIEX Options (TXO). To broaden its global reach, TAIFEX introduced a series of international products such as DJIA Futures and S&P 500 Futures and Nasdaq-100 Futures.
Bing-Jing Huang, President of TAIFEX, said “Taiwan Futures Exchange is reputable for its equity index derivatives, while Bursa Malaysia Derivatives Berhad has the world’s most liquid Crude Palm Oil futures. Through the exchange of successful experience and the sharing of information and resources, I believe our cooperation can create synergy and pave the way for further development of both markets.”
Datuk Muhamad Umar Swift, Chairman of BMD, added “The signing of this MOU is a positive step that will contribute towards the development of the Asian derivatives market. It comes in accordance with our internationalisation strategy that will facilitate cooperation in terms of products and market development, and create more opportunities for both exchanges. We hope this MOU will lay the foundations to a long lasting and fruitful relationship between BMD and TAIFEX.”
Read more: Understanding the Risks of Synthetic ETFs