TAIFEX Boosts Offerings with the Addition of Three New Derivative Contracts

by Finance Magnates Staff
  • The exchange has increased its portfolio of products with Nifty 50 Futures and EUR/USD and USD/JPY FX Futures.
TAIFEX Boosts Offerings with the Addition of Three New Derivative Contracts
Bloomberg
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The Taiwan Futures Exchange (TAIFEX) announced today that it has launched three new derivative contracts comprising of a Taiwan dollar (TWD)-denominated Nifty 50 Futures contract and two FX futures contracts; EUR/USD FX Futures and USD/JPY FX Futures.

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The Nifty 50 futures contract tracks the Nifty 50 Index, the most widely used Indian benchmark which comprises 50 companies and represents around 66 percent of the free float market capitalisation of the companies listed on India’s National Stock Exchange (NSE).

We look forward to developing more innovative products to help investors hedge and trade more effectively in the future

Dr. Len-Yu Liu, Chairman of the TAIFEX, commented: “We are extremely pleased to be launching these new futures contracts today. The Nifty 50 contract is the second foreign equity index product to debut on TAIFEX and aligns with our ongoing effort to introduce more overseas products to the Taiwan futures market.”

He added: “The EUR/USD FX Futures and USD/JPY FX Futures further expands the range of foreign currency products available on TAIFEX – an asset class that is proving popular with our customers. We look forward to developing more innovative products to help investors hedge and trade more effectively in the future.”

The contract size is TWD 50 per index and will trade from 8:45am to 6:15pm Taiwan local time. The contract sizes of the EUR/USD FX Futures and USD/JPY FX Futures are EUR 20,000 and USD 20,000 respectively and will trade from 8.45am to 4.15pm Taiwan local time.

Increasing Product Range

TAIFEX provides a wide range of products, including stock index futures and options, interest rate futures, single stock futures, equity options, gold futures and options, and currency futures.

The Nifty 50 contract is the second foreign equity index product to debut on TAIFEX and is aligned with its ongoing efforts to introduce more overseas products to the Taiwan futures market. The EUR/USD FX Futures and USD/JPY FX Futures, meanwhile, further expands the range of foreign currency products available on TAIFEX, an asset class that has proved popular with customers.

The Taiwan Futures Exchange (TAIFEX) announced today that it has launched three new derivative contracts comprising of a Taiwan dollar (TWD)-denominated Nifty 50 Futures contract and two FX futures contracts; EUR/USD FX Futures and USD/JPY FX Futures.

The FM London Summit is almost here. Register today!

The Nifty 50 futures contract tracks the Nifty 50 Index, the most widely used Indian benchmark which comprises 50 companies and represents around 66 percent of the free float market capitalisation of the companies listed on India’s National Stock Exchange (NSE).

We look forward to developing more innovative products to help investors hedge and trade more effectively in the future

Dr. Len-Yu Liu, Chairman of the TAIFEX, commented: “We are extremely pleased to be launching these new futures contracts today. The Nifty 50 contract is the second foreign equity index product to debut on TAIFEX and aligns with our ongoing effort to introduce more overseas products to the Taiwan futures market.”

He added: “The EUR/USD FX Futures and USD/JPY FX Futures further expands the range of foreign currency products available on TAIFEX – an asset class that is proving popular with our customers. We look forward to developing more innovative products to help investors hedge and trade more effectively in the future.”

The contract size is TWD 50 per index and will trade from 8:45am to 6:15pm Taiwan local time. The contract sizes of the EUR/USD FX Futures and USD/JPY FX Futures are EUR 20,000 and USD 20,000 respectively and will trade from 8.45am to 4.15pm Taiwan local time.

Increasing Product Range

TAIFEX provides a wide range of products, including stock index futures and options, interest rate futures, single stock futures, equity options, gold futures and options, and currency futures.

The Nifty 50 contract is the second foreign equity index product to debut on TAIFEX and is aligned with its ongoing efforts to introduce more overseas products to the Taiwan futures market. The EUR/USD FX Futures and USD/JPY FX Futures, meanwhile, further expands the range of foreign currency products available on TAIFEX, an asset class that has proved popular with customers.

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