KUALA LUMPUR, May 18 -- The Taiwan Futures Exchange (TAIFEX) and Bursa Malaysia Derivatives Bhd (BMD) has signed a Memorandum of Understanding (MoU) with the intent to pursue a mutually beneficial business partnership.
The two exchanges would share information and best practices pertaining to product development, market operations, and in the areas of common interest for both markets, said TAIFEX and BMD in a joint statement here, today.
TAIFEX is reputable for its equity index derivatives, while BMD 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," said TAIFEX president Bing-Jing Huang.
Meanwhile, BMD chairman Datuk Muhamad Umar Swift said the 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.”
Established in 1997 as Taiwan’s sole futures exchange, TAIFEX provides a wide range of futures and options across equities, equity indices, foreign exchange and commodities, including one of the world’s most traded equity option - TAIEX Options.
BMD, a wholly-owned subsidiary of Bursa Malaysia Bhd, provides, operates and maintains a futures and options exchange.
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