According to the report by the IME’s International Affairs and PR, In July 2016, the IME became the affiliate member to the World Federation of Exchanges (WFE) which is the most reputable exchange association in the world and provides groundwork for cooperation with members of the Federation, increasing the level of interaction and direct communication with world-class exchanges alongside attending all meetings, assemblies and public and specialized meetings.
In line with that, the 56th annual general meeting of WFE was launched on Thursday November 3rd hosted by Cartagena, Colombia.
In the professional panels of the general meeting various topics in the field of financial markets including financial management information systems and infrastructures of financial markets in the future were covered.
Based on the report, on the sidelines of the 56th annual general meeting of WFE, a meeting between the IME and the TAIFEX delegations was held and cooperation between two exchanges to develop the derivatives market was promoted.
Moreover, the main subject of the negotiations between the two exchanges’ CEO was launching options contract in IME and the CEO of TAIFEX expressed his pleasure to share TAIFEX’s experience and cooperate to launch this instrument in the IME.
It was decided to hold shared workshops and after providing required infrastructures, the cooperation between two exchanges in the field of derivatives market especially options contracts will become operational.
TAIFEX trades futures and options contracts on equity, stocks and Government bonds as well as gold. TAIFEX is a completely online market providing accessibility to the futures markets for the participants. Moreover, the clearing and settlement process is undertaken through the Clearing Department of the TAIFEX which operates completely independent.
Furthermore, the IME is considering launching options contract on gold and agricultural commodities and cooperation with TAIFEX will accelerate achieving the goal.
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