NEW YORK and TAIPEI CITY, Taiwan, Sept 8 (Bernama-GLOBE NEWSWIRE) -- The Taiwan Stock Exchange Corporation (TWSE) and Nasdaq Inc. (Nasdaq:NDAQ) have signed a Memorandum of Understanding (MoU) to promote mutual development and foster cooperation between the two companies. The memorandum also paves the way for both sides to work closely together in expanding their ETF markets, facilitating the cross-listing of ETFs on both the TWSE and Nasdaq markets.
“We are pleased to have formalized our relationship with Nasdaq and we are excited about the opportunities ahead,” said Mr. Chi-Hsien Lee, President of TWSE. “As Taiwan adopts a global outlook on capital markets, the Taiwan Stock Exchange 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.”
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