Deutsche Börse and GreTai Securities Market signed cooperation agreement

Deutsche Börse and the Taiwanese GreTai Securities Market (GTSM) signed a Memorandum of Understanding (MoU) that reflects an agreement by both parties to exchange information in order to facilitate the further development of both financial markets.

In accordance with the MoU, the two partners are to share knowledge and information on various business areas and regulatory developments and to assess potentials for cooperation in trading and listing.

“We are very pleased to have signed this agreement with GreTai and look forward to deepening our relationship with Taiwan’s securities market. This is another step towards expanding our activities in Asia,” said Andreas Preuss, Deputy CEO Deutsche Börse and CEO of Eurex, the derivatives arm of Deutsche Börse.

Gordon Shuh Chen, Chairman of GTSM, said, “The GreTai Securities Market is keen in seeking growth opportunities by 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 for learning and cooperation with Deutsche Börse. The GTSM would like to explore diversity and innovation of services and products and trading momentum that would mutually benefit both markets.”

About Deutsche Börse Group
Deutsche Börse Group is one of the world’s leading service providers for the financial industry with a product and service offering for issuers, investors, intermediaries and data vendors. The Group covers the entire process chain from trading through clearing to settlement and securities custody. Furthermore, Deutsche Börse offers market data, indices and analyses and is a service provider for the development and operation of IT systems.

The key markets within the Group are the Frankfurt Stock Exchange, one of Europe’s largest stock exchanges, and Eurex Exchange, one of the largest derivatives exchanges in the world.

Deutsche Börse Group includes Deutsche Börse AG, a DAX company, and its wholly-owned subsidiaries Clearstream International S.A. and Eurex Zürich AG. Eurex’s portfolio of markets includes International Securities Exchange (ISE), a leading U.S. options exchange, the European Energy Exchange (EEX) as well as the ECNs Eurex Repo and Eurex Bonds, which round out Eurex’s offering for repo and bond trading. Cash market activities and the market data business are run as business areas of Deutsche Börse AG.

About GreTai Securities Market
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 619 listed companies, GTSM’s equity market capitalization and average daily trading value were US$ 58 billion and US$ 0.5 billion respectively as of the end of May 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.