Source: Taiwan Futures Exchange
Taiwan Futures Exchange (TAIFEX) has signed a Memorandum of Understanding (MOU) with Open Joint Stock Company "Russian Trading System" Stock Exchange (RTS) on Thursday June 14, 2007.
As the first step, both parties have agreed to establish a framework for information exchange and will enter into detailed discussions and share expertise on various fields under the terms of MOU.
The agreement marks an important milestone towards bringing the Russian and Asian markets one step closer. The trend of globalization is forcing derivatives markets to face unprecedented challenges. Exchanges are actively seeking for international cooperation and strategic alliance to tackle the challenge of internationalization. Through exchange of information and sharing of experiences, both exchanges should find synergy in areas such as management efficiency, product development and marketing.
RTS provides top trading technologies for Russian derivatives market. Through the establishment of this cooperation platform with RTS, which has one of the world's leading single stock futures markets, TAIFEX hopes to share RTS' experience in such area and further explore bilateral business opportunities.