CBOE and Taiwan Futures Exchange sign MoU

The MOU also provides the opportunity for ongoing educational initiatives designed to enhance the understanding of one another's products, markets, technologies and regulation. Such collaborative efforts between CBOE and TAIFEX can lay the groundwork for future business relationships, including joint marketing efforts and potential product offerings.

"We are very excited to have the opportunity to share our options trading experience with the Taiwan Futures Exchange. Options can be used to reduce or manage risk, and can be an important tool as Asian markets grow and mature," said CBOE Chairman and CEO William J. Brodsky. "We look forward to deepening our longstanding relationship with the Exchange, continuing to share information, and continuing to work on developing new markets."

"As world exchanges are seeking strategic alliance in facing increasingly furious global competition and challenges, TAIFEX and CBOE shall work hand-in-hand in keeping abreast with the trend. The entering of this MOU will provide great opportunities for the two exchanges to pursue a reciprocal long-term relationship and to become more global in reach. Through ongoing communication, the sharing of information and resources, and cooperation with each other in areas of common interest, the partnership shall greatly contribute to the bright future of both exchanges," said TAIFEX Chairman Andy Yeh.

The MOU lays the foundation for the exchange of educational resources and information with respect to pursuing cooperation and potential joint business initiatives between the two exchanges with regard to options and other derivatives products. TAIFEX president, Steve C. Wang, CBOE Chairman and CEO William J. Brodsky, and other Exchange officials finalized the MOU in a signing ceremony held today at the Swiss Options and Futures Association Conference in Montreux, Switzerland.