Mon, Jun 26, 2017
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. FinTech - Rise of robots: Inside the world's fastest growing hedge funds[more]

    From Bloomberg.com: Believe the hype. Quants have never been more popular. After doubling over the past decade, assets run by so-called systematic funds have hit a record $500 billion this year, according to estimates from Barclays Plc. In some ways, their meteoric rise is due to the same technolog

  2. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  3. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is

  4. FinTech - AI hedge fund Numerai now live on Ethereum, Cryptocurrency hedge funds generate huge returns as bitcoin surges[more]

    AI hedge fund Numerai now live on Ethereum From Cryptoninjas.net: Back in February, Numerai announced numeraire (NMR), a cryptographic token to incentivize a new kind of hedge fund built by a network of data scientists. Earlier today, the Numeraire smart contract was officially deployed

  5. Investing - Advisors slash hedge fund positions, Theravance Biopharma is a top pick of investment guru Seth Klarman, As asset management industry grows a search for new revenue streams[more]

    Advisors slash hedge fund positions From Barrons.com: Financial advisors have cut wealthy clients' exposure to hedge funds by up to one third over the past 12 months, The Financial Times reports. Advisor firms in the FT's annual top-300 ranking have reduced their hedge fund allocation to