Memorandum of Understanding signed last week
The Stock Exchange of Thailand (SET) and Deutsche Börse AG signed a Memorandum of Understanding (MoU) on 11 April 2014. Both partners aim to enter into a cooperative relationship for the purpose of facilitating the development of the securities and derivatives markets between Thailand and Germany.
Under the terms of the MoU, the organizations aim to assess potential cooperation projects in cash and derivative products, market data as well as in clearing and risk management. They also are to start a comprehensive sharing of knowledge and information on business areas and regulatory developments.
“SET is pleased to collaborate with Deutsche Börse to explore business opportunities that promote the development of securities and derivatives markets of the two countries. We look forward to the continued development of our fruitful relationship with Deutsche Börse,” said Sathit Limpongpan, SET Chairman.
“The cooperation with Deutsche Börse is a key milestone towards enhancing our capabilities in product development and distribution, investor base expansion, and service enhancement,” said Charamporn Jotikasthira, SET President.
“We are pleased to deepen our relationship with The Stock Exchange of Thailand with this cooperation agreement. This partnership is an important element of our overall Asia strategy,” said Andreas Preuss, Deputy CEO of Deutsche Börse AG and CEO of Eurex.