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The
Tokyo International Financial Futures Exchange (TIFFE) and Taiwan
Futures Exchange (TAIFEX) agreed to cooperate for the development and
efficient operation of both markets, and signed MOU today.
TIFFE
and TAIFEX will exchange information about listing of new products,
changes of contract specifications and trading methods.
Moreover,
TIFFE and TAIFEX will have an opportunity to hold discussion for the
development of cooperation such as study of new products.
Mr.
Jiro Saito, the Chairman and Chief Executive of TIFFE, comments,
"It is very significant for TIFFE to sign this MOU with TAIFEX,
as both exchanges list financial futures.
We expect to further strengthen the cooperation between TIFFE
and TAIFEX, and to make efforts to enhance market development of both
exchanges."
Mr.
Richard Shih, the Chairman of TAIFEX, comments, "The
two Exchanges retain different market structure and development
experience. TAIFEX has been focusing on equity related products and
striving for establishing volume peak. TIFFE
has profound
know-how in the interest rate market, abundance of experience in
cross-border cooperation
and
technology migration. As TAIFEX is expanding our product lines into
interest rate futures and strengthening ties with overseas exchanges,
TIFFE's experience in all these areas are worth referring. I
am sure that our two exchanges could benefit each other based on our respective
strengths."
For
more information, please contact:
Hironori
Ofusa (Mr.)
Market
Research Room
The
Tokyo International Financial Futures Exchange
Tel:+81-3-3514-2415
Fax:+81-3-3514-2425
E-mail:
info@tiffe.or.jp
URL:
http://www.tiffe.or.jp/
Deni
Cheng (Ms.)
International
Affairs
Department
of Business Development
Taiwan
Futures Exchange
Tel:
+886-2-23695678
ext. 242
Fax:
+886-2-23672327
E-mail:
denihlc@taifex.com.tw
URL:
http://www.taifex.com.tw/
Notes
to Editors:
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The
Tokyo International Financial Futures Exchange (TIFFE), founded in
1989, is widely known as the home market for Euroyen futures and
caters to a wide range of domestic and international investors.
Since its foundation, TIFFE has been the leading Japanese
exchange in terms of introducing global standard functions to its
operations.
For more information about TIFFE, please visit the TIFFE
website at http://www.tiffe.or.jp.
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The
Taiwan Futures Exchange
(TAIFEX)
launched
its
first product
on
July 21, 1998. In 2002,
the average
daily trading
volume reached 32,033
contracts,
a 66.39%
growth from 2001.
The
TAIEX Options has shown an exponential growth from
third quarter 2002 since
first traded in December 2001,
and
the daily trading
volume
has arrived at 136,935
contracts
on May
30, 2003. For
the year 2003,
to further diversify its product line, the TAIFEX plans to launch
the TSEC Taiwan 50 Stock Index Futures
(expected launch date: June 30),
short-term interest rate futures, and government bond futures. For
more information about TAIFEX, please visit the TAIFEX website: http://www.taifex.com.tw
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