The Taiwan Futures Exchange (TAIFEX) separately signed a Memorandum of Understanding (MOU) with the Osaka Securities Exchange (OSE) and the Central Japan Commodity Exchange (C-COM) on May 30th.The signing of MOU will facilitate the exchanges to pursue business cooperation, share information and experience, explore business opportunities, and enhance efficiency and integrity of the markets. Mr. Der-Shang Wang, Chairman of TAIFEX, Mr. Michio Yoneda, the President & CEO of OSE, and Mr. Fumihiko KIMURA, the Chairman & CEO of C-COM signed the MOU on behalf of their respective exchange.
Mr. Michio YONEDA, the President & CEO of OSE said, "The financial capital market has been increasingly globalized and integrated. TAIFEX and OSE agreed to strengthen cooperation for further development of market functions both at TAIFEX and OSE. This is a significant development and meaningful not only for the Japanese and Taiwanese derivatives market, but also the Asian and worldwide markets. I believe OSE can develop the relationship with TAIFEX on further occasions, and hope our efforts will contribute to investors in Japan and Taiwan, as well as the whole Asian region and the world."
Mr. Fumihiko KIMURA, the Chairman & CEO of C-COM said, "In recent years, C-COM has built up and enjoyed very close relations to futures industry in Taiwan. We have a number of Associate Members in the region and held trading seminars for them both in Taipei and Nagoya. It is a great pleasure for us to be in an alliance with TAIFEX. This alliance should produce various fruitful results; for instance, TAIFEX successfully listed U.S. dollar-denominated gold futures last March, which has been one of our next potential products. Once we have successfully launched gold-related futures market, there will be a great opportunity for various collaborations between the two Exchanges. By having TAIFEX as a great partner, C-COM will be without doubt in a far better position to proceed business with Taiwanese investors. Meanwhile, we are more than happy to offer our foremost assistance to TAIFEX in their further development of business in Japanese market."
Mr. Der-Shan Wang, the Chairman of Taiwan Futures Exchange, said: "The OSE and TAIFEX share similar experience in developing stock index products; and C-COM has very successful experience on the energy sector. The parties to the MOU should benefit from the experience of each other. I believe that the signing of the MOU will be a good start to pursue a cordial and long-term relationship, and strengthen the competitiveness of the respective markets."