Taipei Exchange and Bloomberg Indices Establish Collaboration for Index-Based Product Development

Taipei – Taipei Exchange (TPEx) and Bloomberg Index Services Limited (BISL) held a joint ceremony today to mark the signing of a collaboration agreement aimed at advancing the development of index-based products. Hou-Ming Huang, Deputy Director-General of the Securities and Futures Bureau (SFB); Chien Lih-Chung, Chairman of TPEx; Paul Salerno, Global Head of Index Sales at Bloomberg, and representatives from various securities investment trust companies attended the ceremony.

Chien Lih-Chung, Chairman of TPEx, said, “Bloomberg is recognized worldwide for its knowledge in the financial industry. We would like to express our gratitude to Bloomberg Indices for their insightful decision to partner with the Taipei Exchange. We aim to broaden the scope of Taiwan’s index-based business. We are confident that Bloomberg’s expertise of global ETF markets, developed over many years, will bring new energy to Taiwan’s securities markets.”

“The collaboration with the Taipei Exchange demonstrates our ongoing commitment to Taiwan’s blooming markets,” said Dave Gedeon, CEO of Bloomberg Index Services Limited. “We are delighted to draw on Bloomberg’s expertise and technological advantages to help accelerate the launch process of index-based products, contribute to the development of local markets, and create index offerings that meet the diverse needs of investors.”

Hou-Ming Huang, Deputy Director-General of the SFB, said, “After planning to introduce ‘Active and Multi-Asset ETFs’ last year, the Taipei Exchange has been proactive in revising related regulations and trading systems, as well as promoting the initiative. Additionally, the first multi-asset ETF in the Taiwan stock market was approved yesterday, marking a significant achievement for the Taipei Exchange.”

Following the signing of the co-branded indices service agreement, TPEx and BISL will initiate discussions with potential issuers to plan new index-based products. The goal is to launch co-branded index-based products as soon as possible, further enhancing the ecosystem of index-based products in the Taipei Exchange market.

Chien Lih-Chung, Chairman of TPEx (left) and Paul Salerno, Global Head of Index Sales at Bloomberg (right) on behalf of the two parties signed the collaboration agreement at the ceremony

About Taipei Exchange (TPEx)

As one of the major pillars in Taiwan’s securities market, the TPEx aims to promote economic development. In support of government economic policies, the TPEx endeavors to foster Taiwan’s local characteristic enterprises, develop new products, boost market turnover, and actively engage in exchanges and cooperative programs with other capital markets to expand the business. Under the strategic goal of building a multi-functional, multi-level full-fledged exchange, the TPEx has remained dedicated to fostering emerging and high-tech industries, creative industries, small and medium enterprises, and micro-enterprises by providing a viable channel for public listing and capital raising. The TPEx has also endeavored to grow into a multi-functional market that offers platforms for both centralized trading and over-the-counter negotiated trading of a wide variety of products, including stocks, bonds, ETFs, TDRs, and derivatives to meet the diverse trading needs of investors. For more information, visit https://www.tpex.org.tw/en-us/index.html.

About Bloomberg

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Media contacts

Bloomberg, Irene Gu, igu3@bloomberg.net, +852 2977 2111