Deutsche Börse and Taiwan’s GreTai Securities Market (GTSM) have signed a memorandum of understanding that will include exploring joint opportunities in trading and listing.
The two partners have signed the MoU to exchange information and cooperate in building up their respective capital markets. The agreement follows a similar link between GreTai and Japan’s Tokyo Stock Exchange earlier this year. The GreTai Securities Market was formed in 1994 and currently offers trading in equities, bonds and derivatives. It has 619 listed companies with a market capitalisation of US$58 billion.
“The GreTai Securities Market is keen in seeking growth opportunities by joining the international networks and building cooperative relationships with exchanges as well,” said Gordon Shuh Chen, chairman of GTSM. “While continuing our efforts to deliver transparent, secure and efficient trading services, we are pursuing opportunities for learning and cooperation with Deutsche Börse. The GTSM would like to explore diversity and innovation of services and products and trading momentum that would mutually benefit both markets.”
“We are very pleased to have signed this agreement with GreTai and look forward to deepening our relationship with Taiwan’s securities market,” added Andreas Preuss, deputy CEO at Deutsche Börse and CEO of Eurex, the company’s derivatives arm. “This is another step towards expanding our activities in Asia.”