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Japan Exchange Group, Inc. (JPX), Korea Exchange (KRX) and Taiwan Stock Exchange Corporation (TWSE) signed a memorandum of understanding (MOU) today.
Under the MOU, the three exchanges will build a closer relationship through information sharing in areas of mutual interest and assist each other in market development in Japan, Taiwan, and South Korea. The three exchanges have a framework for cooperation and collaboration through personnel exchanges and joint market promotion.
Mr. Akira Kiyota, Group CEO of JPX, said, "We are very pleased to be expanding our cooperation with KRX and TWSE. This MOU will provide even greater opportunity for the three exchanges to strengthen our cooperative relationships to further develop capital markets in Asia."
Mr. Jiwon Jung, Chairman and CEO of KRX, said, "This marks another important milestone and opens a new stage for the multilateral relations. We trust the agreement will allow us to explore untapped business potential on a more comprehensive scale and aim to deliver more values to our market participants with additional insight into Asia-Pacific region."
Mr. Jan-yau Hsu, Chairman of TWSE, said, “The Taiwan Stock Exchange has long-term relationships with JPX and KRX. We are excited to extend the cooperation to a trilateral aspect. We look forward to collaborating together to further strengthen our connection, to increase our visibility in Asia Pacific and to provide top notch investment opportunities to investors."
JPX offers Japan's most comprehensive integrated market infrastructure, with its business domain covering cash and derivatives market operation, self-regulation, and clearing. Tokyo Stock Exchange is home to more than 3,600 companies and a wide variety of ETP and REIT products, while Osaka Exchange provides highly liquid derivative products. In addition to efficient, stable and transparent market mechanisms, self-regulation at Japan Exchange Regulation and CCP functions provided by Japan Securities Clearing Corporation also contribute to trust and confidence in its robust and reliable market infrastructure. JPX will drive market development and continue to diversify its business portfolio as it pursues the next step forward towards becoming "Your Exchange of your Choice".
Korea Exchange, established in January 2005 through the merger of the Korea Stock Exchange (KSE), the Korea Futures Exchange (KOFEX), the KOSDAQ Market, and the KOSDAQ Committee, is the sole exchange operator in the Republic of Korea. The KRX operates the centralized securities and derivatives markets where stocks, bonds and derivatives are traded on a common platform. To best serve its clients, the KRX provides its customers with the full access to all types of securities and derivatives products, and clears and settles all transactions on its markets to cover the entire value chain in trading processes. The KRX is one of the most liquid markets in the world with around 2,100 listed companies and its KOSPI 200 futures and KOSPI 200 options are one the most heavily traded contacts in the world on a round-the-clock basis via CME and Eurex markets.
To learn more about KRX, please visit : http://global.krx.co.kr/.
Founded on 23 October 1961, the TWSE plays a key role in advancing Taiwan’s economic development and in helping its businesses grow and raise capital. For more than fifty years, it has fulfilled its mission of supporting industrial development and creating profitable opportunities for the investing public, offering both a wide range of investment products and an effective platform for fundraising and investment.
The TWSE helps companies list on the capital market, raise funds and expand the scale of their operations. It is also committed to supporting corporate transparency to protect investor rights, maintaining a fair trading mechanism and enhancing its range of financial products. By providing a dynamic fundraising environment and a safe and secure capital market for investors, the TWSE has, and will continue to, strengthen the nation’s prosperity.
The TWSE remains committed to injecting momentum into the Taiwan economy and to forging new opportunities for growth in order to meet current and future challenges. To learn more, please visit : http://www.twse.com.tw/en/.
Contact
Japan Exchange Group, Inc.
Global Strategy
TEL:+81-50-3377-7646
Korea Exchange
Ms. Evelyn Hwang
International Relations
TEL: +82-2-3774-4306
Taiwan Stock Exchange Corporation
Mr. Alec Huang
Corporation Communications Dept.
TEL: +886-2-8101-3925
Email: 1247@twse.com.tw