Taiwan Stock Exchange and Nasdaq Sign Memorandum of Understanding
(Thomson Reuters ONE) -
NEW YORK and TAIPEI CITY, Taiwan, Sept. 08, 2017 (GLOBE NEWSWIRE) -- The Taiwan
Stock Exchange Corporation (TWSE) and Nasdaq Inc. (Nasdaq:NDAQ) have signed a
Memorandum of Understanding (MoU) to promote mutual development and foster
cooperation between the two companies. The memorandum also paves the way for
both sides to work closely together in expanding their ETF markets, facilitating
the cross-listing of ETFs on both the TWSE and Nasdaq markets.
"We are pleased to have formalized our relationship with Nasdaq and we are
excited about the opportunities ahead," said Mr. Chi-Hsien Lee, President of
TWSE. "As Taiwan adopts a global outlook on capital markets, the Taiwan Stock
Exchange has been proactive in building alliances with overseas exchanges. We
look forward to collaborating together for the development of both our
institutions and the wider financial services industry."
Nasdaq and TWSE will collaborate in mutual market promotion and the compilation
of indices. The MoU will also help create closer ties between the Taiwanese and
U.S. capital markets, with initiatives such as bilateral visits, personnel
training and exchanges to share experience and information.
"This memorandum has laid the groundwork for valuable and rewarding cooperation
between TWSE and Nasdaq," said Mr. Sandy Frucher, Vice Chairman at Nasdaq. "Our
goal is to strengthen our relationship further with one of Asia's leading
exchanges. We look forward to the opportunities and overall mutual benefits with
partnering with TWSE."
About NASDAQ
Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange
technology, listing, information and public company services. Through its
diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and
execute their business vision with confidence, using proven technologies that
provide transparency and insight for navigating today's global capital markets.
As the creator of the world's first electronic stock market, its technology
powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's
securities transactions. Nasdaq is home to approximately 3,900 total listings
with a market value of approximately $12 trillion. To learn more,
visit: http://business.nasdaq.com
About Taiwan Stock Exchange Corporation
Founded in 1961, the TWSE works with the Financial Supervisory Commission (FSC)
to regulate Taiwan's stock market, enhance market transparency and improve
market infrastructure. It currently offers trading markets for stocks, warrants,
Exchange-Traded Funds (ETFs) and Taiwan Depository Receipts (TDRs). A number of
quality companies are listed on TWSE, offering high dividends, and maintain
robust business growth. TWSE is well-known for the cluster of technology and
innovative companies, providing them with a quality fundraising platform. It is
also an ideal investment platform for individual, institutional and foreign
investors. To learn more, please visit: www.twse.com.tw/en/.
NDAQG
For Media Inquiries
Nasdaq
Ryan Wells
ryan.wells(at)nasdaq.com
Direct: +44 (0) 20 3753 2231
Mobile: +44 (0) 7809 596 390
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nasdaq via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 08.09.2017 - 11:00 Uhr
Sprache: Deutsch
News-ID 559258
Anzahl Zeichen: 3951
contact information:
Town:
New York
Kategorie:
Business News
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