Update : May 24, 2012
TOKYO, May 24, 2012 -Tokyo Stock Exchange Group, Inc. (TSE Group) and GreTai Securities Market (GTSM) signed a Memorandum of Understanding (MOU) today.
With the MOU, both markets wish to build a closer relationship and explore opportunities for exchanging information and working on the development and listing of financial products. Under the agreement, the two markets will consider the possibility of cooperating in the listing promotion and other marketing activities for the benefits of issuers in both regions.
Mr. Atsushi Saito, President and CEO of the TSE Group said, "We are pleased to sign the MOU with GreTai Securities Market. The GTSM market is a very promising market that is home to many excellent listed small and medium-sized corporations achieving rapid growth, as well as highly liquid bond trading. The conclusion of this MOU strengthens the cooperative relationship between our markets and sets us toward allowing such companies from Taiwan to utilize the TSE and its professional market including ProBond market as venues for future fund-raising. Ilook forward to seeing the fruits of this cooperation in both our markets."
Mr. Gordon Shuh Chen, Chairman of GTSM said, "The GreTai Securities Market is keen in seeking growth opportunities through joining the international networks and building cooperative relationships with exchanges as well. While continuing our efforts to deliver transparent, secure and efficient trading services, we are pursuing opportunities of learning and cooperation with the eminent Tokyo Stock Exchange. The GTSM would like to explore diversity and innovation of services and products and trading momentum which would mutually benefit both markets of Japan and Taiwan."
Tokyo Stock Exchange Group, Inc. is the holding company of Tokyo Stock Exchange, Inc. (TSE), a leading global exchange and the operator of the largest securities market in the Asia-Pacific region. TSE is best known for its equities market, valued at US$3.5 trillion with more than 2,200 listed companies as of the end of April 2012. In addition to its core Japanese equities market, TSE provides markets for derivatives products such as Japanese government bond futures, TOPIX futures, ETFs, and REITs. Besides market operation, the TSE group also offers clearing and settlement, market information distribution and other related services.
The GreTai Securities Market, formed in 1994, as a non-profit organization, is a Taiwanese non-governmental regulatory body designated to promote and supervise Taiwan's secondary markets of SME equity, fixed income and derivatives. Currently, it offers the market services of stocks, bonds and OTC derivatives trading. With 615 listed companies, GTSM's equity market capitalization and average daily trading value were US$ 56 billion and US$ 0.6 billion respectively as of the end of April 2012. Taiwan has been home to one of the most liquid bond markets in Asia for many years now. Most of this liquidity comes from the GTSM's bond trading platforms. The GTSM, designated by regulators, is also constructing a Trade Repository for OTC derivatives trading.
Tokyo Stock Exchange Group, Inc.
Corporate Strategy (Media Relations)