Singapore Exchange Limited (SGX) and the GreTai Securities Market, Taiwan’s over-the-counter trading system for equities, bonds and derivatives, have signed a memorandum of understanding (MOU) for cooperation on capital markets development.
The agreement is intended to foster greater communication between both firms through staff exchange, training and sharing information relating to market development.
“In our development as an Asian Gateway, Taiwan has been an important market for SGX,” said SGX CEO Hsieh Fu Hua, in a statement. “We share similar goals in further developing our respective SME (small-to-medium-sized enterprise) markets and this MOU forms the basis for fruitful discussions going forward.”
“This collaboration will benefit both GreTai and SGX and help us build a complementary relationship,” added Gordon Shuh Chen, chairman, GreTai. “With this MOU, GreTai and SGX can work hand-in-hand to create opportunities for synergy and co-operation.”
GreTai Securities Market was established in 1994 as a non-profit organisation to develop and manage Taiwan’s over-the-counter market.