Fri, Dec 26, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Eurex to acquire stake in Taiwan Futures Exchange

Tuesday, December 31, 2013

Bailey McCann, Opalesque New York:

The Taiwan Futures Exchange (TAIFEX) is becoming more global with the help of Eurex. Eurex which operates the Eurex Exchange is taking a significant stake in TAIFEX, following a transaction with Yuanta Financial Holdings, one of Taiwan’s largest companies. According to a statement from Yuanta, 12.92 million shares were sold to Eurex Zurich AG in a deal valued at over $42m.

The transaction is still awaiting regulatory approval, but Eurex has already partnered with TAIFEX on a number of other projects. According to The China Post, the transaction may be due to share limits imposed by regulators. Since Yuanta's acquisition of Polaris Securities and its futures business, the company has exceeded a regulatory cap prohibiting more than 5% of a companies shares being in circulation at any time.

If Eurex is successful in acquiring the stake in TAIFEX, the deal will also reflect recent trends in exchanges both consolidating and becoming more international. Eurex already has similar exchange deals in the works in Brazil and India and the NYSE Euronext was acquired by ICE earlier this year.

Yuanta, along with a number of local Taiwan banks were the primary shareholders in TAIFEX. According to Forex Magnate......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Hong Kong-Shanghai stock link fails to live up to expectation so far[more]

    Komfie Manalo, Opalesque Asia: In a report, Reuters said that demand has been subdued with the bulk of activities coming from short-term speculative investors. Las

  2. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  3. North America - Why Steve Cohen, Connecticut hedge fund billionaire, gives so much in New York[more]

    From Insidephilantrophy.com: Billionaire Steve Cohen was born in Great Neck, New York before attending Wharton, working on Wall Street and then founding SAC Capital Advisors in Connecticut. Though his company (Point72) and foundation are based in Connecticut, Cohen and Alexandra are deeply connected

  4. Investing - Soros buys a highly speculative biotech in the third quarter[more]

    From Fool.com: …The Soros Fund bought 25,000 shares of the struggling small-cap biopharma Aegerion Pharmaceuticals in the third quarter. For those of you who haven't heard of this name, suffice to say that this was a surprising buy in light of the company's recent problems and poor outlook going for

  5. CFTC Revokes Registrations of Illinois Resident Aleks A. Kins and Chicago-based AlphaMetrix, LLC[more]

    Matthias Knab, Opalesque: The U.S. Commodity Futures Trading Commission (CFTC) today announced that it has revoked the registration of Aleks A. Kins of Chicago, Illinois, as an Associated Person and the registrations of AlphaMetrix, LLC (AlphaMetrix), a Delaware limited liability company with its