Published On: Thu, Nov 17th, 2011

Global Stock Exchange Leaders & Experts Gathered in Taiwan Pledge to Grow Trading Activity in Asia

Global stock exchange leaders and experts outlined their commitment to further improve the trading environment in Asia during a special seminar to mark the 50th Anniversary of the Taiwan Stock Exchange Corporation (TWSE).

As part of a panel examining the growth models of exchanges, Chi Schive, Chairman of the TWSE said, “Exchanges across the region agree that greater collaboration in the best way to boost regional trading volumes and future growth. TWSE is actively pursuing such alliances with trading platforms in Asia and around the world in order to underscore our future growth, while continuing to act as a hub for hi-tech and high growth companies to tap capital in Asia.”

As part of the same panel, Charles Li, Chief Executive of Hong Kong Exchanges and Clearing Limited said “There is still a lot of space for exchanges to link investors and companies in fast-growing economies, including China, with the rest of the world. To this end, Hong Kong Exchanges will continue to pursue cross‐exchange collaboration efforts, including the recently announced BRICS exchanges alliance and our recent MOU with TWSE on sharing of regulatory information.”

Atsushi Saito, President & CEO of Tokyo Stock Exchange Group, Inc. said, “Exchanges need to pursue a method of cooperation that is specific to Asia, which entails mutual respect for our cultural and regulatory differences. We hope to develop win-win relationships by sharing our technology and know-how and expanding the region’s role in the global economy and the international financial market.”

Kim Bongsoo, Chairman and CEO of Korea Exchange said, “Exchanges in Asia are increasingly globalizing by working closely with other exchanges to make their products more readily available to international investors. For example, KOSPI 200 derivatives are now traded around-the-clock through cooperation with Eurex and CME Globex.”

Participants gathered at the summit also discussed recent developments which are enhancing liquidity and efficiency in the region.

Ned Phillips, CEO of Chi-East said, “Many markets across the Asia-Pacific region have been working hard to lower trading costs for investors, with some now opening their market to alternative trading platforms, such as dark pools. These measures will go a long way to supporting liquidity, lowing transaction costs for investors and allowing more regional trading on pan-Asian platforms.”

TWSE’s Dr. Schive concluded, “It was a great honor to host some of the world’s foremost experts on the exchange industry as part of Taiwan Stock Exchange’s 50th Anniversary and we welcome the various initiatives being undertaken by the exchange sector to improve the regional trading environment. We look forward to welcoming them back to Taiwan in 2012 for the 52nd General Assembly and Annual Meeting of the World Federation of Exchanges.”

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