Mon, Dec 5, 2016
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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  3. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  4. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  5. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released