Taiwan Futures Exchange and Belarusian Universal Commodity Exchange Sign Memorandum of Understanding
On January 15, 2018, the Taiwan Futures Exchange (TAIFEX) and the Belarusian Universal Commodity Exchange (BUCE) signed a Memorandum of Understanding (MOU) with the intent to pursue a business partnership. The two exchanges will share information and best practices regarding product development, market operations and common interest areas in both markets.
“East Asia is a vast market that plays a crucial role in the global economy. Exploring it on our own would be a formidable challenge. Therefore, we need a strong strategic partner to guide us and help us gain a foothold in this region. With its expertise, experience, and influence, TAIFEX is an optimal choice,” Mr. Arkadiy Salikov, BUCE Chairman, said. “It’s a perfect win-win scenario. By working together we will enhance our strengths, mitigate our weaknesses, and harness our mutual potential. I have no doubts that this MOU is just a first step in our emerging partnership and we have a long and exciting journey ahead,” BUCE top manager concluded.
“The entering of this MOU will provide great opportunities for the two exchanges to pursue a reciprocal long-term relationship and to become more global in reach. TAIFEX and BUCE will work closely to leverage unique knowledge from each other’s markets,” said TAIFEX Chairman Dr. Liu. “Over the past 20 years, TAIFEX has been launching a suite of successful products and made an impressive mark in the derivatives market. I believe through ongoing communication, the sharing of information and resources, and cooperation with each other in areas of common interest, the partnership shall greatly contribute to the bright future of both exchanges,” he continued.
Taiwan Futures Exchange (TAIFEX), established in 1997, provides a wide range of products, including stock index futures and options, interest rate futures, single stock futures, equity options, gold futures and options, and currency futures and options. TAIFEX has continuously enhanced its technology and services in trading, clearing and settlement to ensure a fair and orderly marketplace. With a vision to be a world-class exchange befitting the fast-evolving marketplace, TAIFEX is poised to extend its global reach and stands as a primary derivatives exchange in Asia. For further details, please visit TAIFEX website at www.taifex.com.tw.