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TAIPEI, August 22—The Taiwan Futures Exchange signs a Memorandum of
Understanding (MOU) with the Chicago Board of Trade today to pursue
business alliance between the two exchanges by sharing experience and
information on product development, system operation and related
common interest areas. Chairman
D. S. Wang of TAIFEX and Senior Vice President Robert Ray of CBOT
(representing President Bernie Dan) sign the MOU.
A number of over 100 guests, including Vice Minister Chen of
the Ministry of Finance, Commissioner Lu of the Securities and Futures
Commission, Chairman Lee of the GreTai Securities Market all joins the
signing ceremony.
Vice Minister Chen congratulates the great achievement of the two
exchanges toward internationalization levels. Commissioner Lu states
that as an old Chinese saying, “Advice from others may help overcome
our own shortcomings,” through the signing of MOU, the two exchanges
are expected to move toward concrete implementation of the spirit and
the goal under it. TAIFEX
Chairman Wang also extends his confidence that the entering of this
MOU will provide good opportunities for both exchanges to pursue a
reciprocal long-term relation. CBOT
Senior Vice President Ray believes that the partnership of the two
exchanges would create a successful journey ahead.”
Since its inception in 1998, the TAIFEX has been operating and
developing steadily over time to achieve a considerable scale now. In
the future, the TAIFEX will continue its efforts to seek further
improvement and upgrade the efficiency.
The Chicago Board of Trade with a history of more than one
hundred and fifty years has been very successful in offering a wide
variety of derivatives products.
Particularly, facing increasing international competition for
the recent years, CBOT has made a lot of efforts and innovative
breakthroughs. Through
frequent communication between management, exchange of experience,
share of information and resources, cooperation with each other in
areas of common interest, the partnership will greatly contribute to
the bright future of both exchanges.
For more information, please visit websites for TAIFEX at http://www.taifex.com.tw
and CBOT at http://www.cbot.com.
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