Thu, Apr 26, 2018
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. Investing - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its