Taiwan, Miami securities exchanges sign MOU
CNATAIEPI -- The Taiwan Stock Exchange (TWSE) has signed a memorandum of understanding (MOU) with the Miami-based MIAX Options Exchange to promote what the TWSE called mutual cooperation and information exchanges in a mutually beneficial partnership.
August 27, 2013, 12:04 am TWN
The TWSE announced the signing in a statement released Monday, in which it described the MIAX as the 11th options exchange of the United States, approved by the U.S. Securities and Exchange Commission Dec. 3, 2012.
“The signing of the MOU will enable U.S. exchange-traded fund (ETF) issuers to launch options on MIAX that track ETF links to TWSE-listed stocks,” the statement said. ETFs are investment funds traded on stock exchanges.
The TWSE expressed hope that the MOU will help improve international links to Taiwan's capital market and encourage more investors to trade in Taiwan securities.
According to the Taipei-based securities exchange, over the past few years, Taiwan's ETF volume grew to NT$142.81 billion (US$4.76 billion) in the first half of this year, with average growth of 25 percent per year.
The TWSE has previously signed MOUs with the New York Stock Exchange's Enronext, the NASDAQ-OMX Exchange, the BATS Exchange and the Hong Kong Stock Exchange to obtain information on securities issues overseas by TWSE-listed companies, as well as overseas ETFs linked to TWSE securities.