TWSE and NASDAQ Sign MoU for Closer Cooperation
- The two exchanges look to cross-list their ETFs, facilitating expansion.
The Taiwan Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term Corporation (TWSE) has signed a memorandum of understanding (MoU) with Nasdaq Inc. (Nasdaq:NDAQ) to foster closer cooperation between the two companies in connection with expanding their markets and cross-promoting their products and services.
The TWSE already cross-lists its products with the Japan Exchange Group (JPX) and this move will help it to enhance its services and offer its products at one of the top exchanges in the US.
Mr. Chi-Hsien Lee, President of TWSE, said: "We are pleased to have formalized our relationship with Nasdaq and we are excited about the opportunities ahead. As Taiwan adopts a global outlook on capital markets, the Taiwan Stock Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term 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."
Both companies will also help each other in the compilation of indices and they will benefit by sharing market data, which will allow them to offer better products and services.
It will also allow NASDAQ and TWSE to access clients and customers across the globe.
The MoU allows for the cross-listing of ETFs on both markets. The companies hope to tap the growing ETF market in their respective regions in order to boost their trading volumes.
At the same time, customers of the respective exchanges will have a wider choice of products to invest in.
The Taiwan Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term Corporation (TWSE) has signed a memorandum of understanding (MoU) with Nasdaq Inc. (Nasdaq:NDAQ) to foster closer cooperation between the two companies in connection with expanding their markets and cross-promoting their products and services.
The TWSE already cross-lists its products with the Japan Exchange Group (JPX) and this move will help it to enhance its services and offer its products at one of the top exchanges in the US.
Mr. Chi-Hsien Lee, President of TWSE, said: "We are pleased to have formalized our relationship with Nasdaq and we are excited about the opportunities ahead. As Taiwan adopts a global outlook on capital markets, the Taiwan Stock Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term 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."
Both companies will also help each other in the compilation of indices and they will benefit by sharing market data, which will allow them to offer better products and services.
It will also allow NASDAQ and TWSE to access clients and customers across the globe.
The MoU allows for the cross-listing of ETFs on both markets. The companies hope to tap the growing ETF market in their respective regions in order to boost their trading volumes.
At the same time, customers of the respective exchanges will have a wider choice of products to invest in.