New York/Stockholm, March 13, 2009 - The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ)
and the Taiwan Futures Exchange (TAIFEX) have 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 the derivatives
market.
“In response to the rapidly changing global financial landscape, TAIFEX and
NASDAQ OMX will work closely to leverage unique knowledge from each other's
markets,” said TAIFEX President Steve Wang. “NASDAQ OMX is an intercontinental
and well-established exchange that has made an impressive mark in the
derivatives market. I believe that both TAIFEX and NASDAQ OMX will benefit after
the establishment of this MOU.”
“I am confident that our agreement with TAIFEX will provide a solid platform for
our exchanges to pursue a mutually beneficial relationship,” said Magnus Böcker,
President of NASDAQ OMX. He continued, “TAIFEX offers one of the world's fastest
growing derivatives markets in one of the leading financial centers of the world
and we look forward to drawing on their experience. In addition, this agreement
further strengthens NASDAQ OMX's presence in the Asia-Pacific region, where our
technology today powers 12 exchanges.”
The MoU signing ceremony took place at the FIA Conference in Boca Raton,
Florida on
March 12th, with TAIFEX CEO Steve C. Wang and NASDAQ OMX President Magnus Böcker
participating.
About TAIFEX
TAIFEX currently offers 20 products, including flagship products, such as TAIEX
options, TAIEX futures, equity options, NTD Gold Options, Mini TAIEX futures,
and NTD Gold Futures. To further expand the market, TAIFEX has actively
initiated several new measures to further align it practices with international
standards, including allowing foreign investors' non-hedging purposes trading,
introduction of omnibus accounts, accepting major foreign currencies as margin
deposits, margin reduction for day trades, implementation of SPAN margining
system, adoption of eligible securities as margin collaterals. For further
details, please visit TAIFEX website at www.taifex.com.tw.
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers
trading, exchange technology and public company services across six continents,
with over 3,800 listed companies. NASDAQ OMX offers multiple capital raising
solutions to companies around the globe, including its U.S. listings market,
NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A
sector. The company offers trading across multiple asset classes including
equities, derivatives, debt, commodities, structured products and
exchange-traded funds. NASDAQ OMX technology supports the operations of over 70
exchanges, clearing organizations and central securities depositories in more
than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal
entities but describe the common offering from NASDAQ OMX exchanges in Helsinki,
Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information
about NASDAQ OMX, visit http://www.nasdaqomx.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform Act
of 1995. These statements include, but are not limited to, statements about
NASDAQ OMX's products and offerings. We caution that these statements are not
guarantees of future performance. Actual results may differ materially from
those expressed or implied in the forward-looking statements. Forward-looking
statements involve a number of risks, uncertainties or other factors beyond
NASDAQ OMX's control. These factors include, but are not limited to factors
detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed
with the U.S. Securities and Exchange Commission. We undertake no obligation to
release any revisions to any forward-looking statements. There can be no
assurance that the FSA will give the NASDAQ OMX applicant the authorization and
permissions which it seeks.
- # -
CONTACTS:
The NASDAQ OMX Group, Inc.
Carl Norell
+46 8 405 66 39
carl.norell@nasdaqomx.com
Taiwan Futures Exchange
Joana Chiu
+886 918 090 307
joana@taifex.com.tw
