Published On: Fri, Mar 5th, 2010

Gretail Securities Market and Bursa Malaysia Sign MOU to Establish Co-Operative Opportunities

Bursa Malaysia Berhad (Bursa Malaysia) and GreTai Securities Market, an organisation in charge of securities exchange and over-the-counter (OTC) business supervision in Taiwan, today signed a Memorandum of Understanding (MOU) to embark on a collaborative effort to further develop the capital markets in both countries.

Under the terms of the MOU, both the Taiwanese and Malaysian exchanges respectively, will embark on a long term co-operation initiative to develop communication channels between both organisations to facilitate enhanced information sharing capabilities. Additionally, the MOU also lays the foundation for both Bursa Malaysia and GreTai Securities Market to explore collaboration initiatives to benefit the capital markets in both our countries.

Dato’ Yusli Mohamed Yusoff, Chief Executive Officer of Bursa Malaysia said that the Exchange is pleased to be cooperating with GreTai Securities Market. “I believe that in keeping up with the challenges in the market today, it is important for us to work closely with our peers, especially those from the Asian region.”
“I hope this partnership will lead to an active exchange of ideas and information aimed at addressing industry issues and challenges. At the same time, we will be able to learn from each others’ experiences in further developing human capital as well as technological competencies,” Dato’ Yusli said.

Dr. Gordon Shuh Chen, Chairman of GreTai Securities Market noted, “Through this MOU, we hope to establish a mutual working relationship where we could work hand-in-hand with Bursa Malaysia to create a win-win situation for both exchanges. I am certain that this collaboration will ultimately benefit both parties by building a complementary relationship in the long run.”

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