Toronto-based Canadian Securities Exchange (CSE) on Thursday announced it has entered into a memorandum of understanding (MoU) with the Taipei Exchange (TPEx).
The agreement is designed to further development of securities markets in Canada and Taiwan, encourage the sharing of information, and foster new opportunities for the exchanges and their respective issuers.
“We are delighted to formalize a relationship with the Taipei Exchange that will promote cooperation on a variety of topics important to both of our organizations,” says Richard Carleton, CSE CEO, in a statement. “The CSE is one of North America’s premier platforms for emerging companies and with securities markets becoming increasingly global, a close rapport with TPEx stands to benefit issuers and investors in both countries.”
“The TPEx values the close relationship with the CSE which gives our exchanges the opportunity to share knowledge in the interests of co-operation between the exchanges in areas including cross-listing of companies or structured products,” adds Chi-Hsien Lee, the president and CEO of TPEx. “The similarity of the two exchanges in terms of fostering SMEs or emerging companies and technology is made this MOU highly meaningful.”
Under the terms of the MOU, each exchange will designate a representative to be responsible for facilitating cooperation and coordinating efficient exchange of information. Near-term topics for discussion are expected to include market stability and cross-listing opportunities.