Deutsche Boerse and TAIFEX Launch New Data Product

TAIFEX Derivatives Market Ultra provides enhanced view of TAIFEX market

Deutsche Boerse added granular TAIFEX (Taiwan Futures Exchange) data product TAIFEX Derivatives Market Ultra to its market data offering, the firm announced today.

The product provides pre-and post-trade market data on occurrence, in contrast to the core product, which continues to provide snapshots eight times per second.

Bids, offers, and trades prices are aggregated on the price level for both products.

Successful partnership

Alireza Dorfard, Head of Data Services at Deutsche Boerse, said that the product launch marks another milestone in the successful market data partnership between Deutsche Boerse and TAIFEX.

“Under the partnership, which has been in place since 2016, Deutsche Boerse acts as licencor of TAIFEX market data to all international clients. Clients can conveniently access data products offered by both exchanges under a single license agreement,” Dorfard said.

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TAIFEX Derivatives Market Ultra includes data on all derivatives tradeable on TAIFEX, including TAIFEX’s flagship products TAIEX futures, TAIEX options, and Mini-TAIEX futures, Deutsche Boerse said.

These are three of the most successful equity index derivatives contracts in Asia, according to the firm.

The Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX) is the most widely followed of all Taiwan Stock Exchange Corporation (TWSE) indices. The data product delivers bids and offers up to an order book depth 5. Pre-and post-trade information is provided un-netted.

“TAIFEX is pleased to offer the new Ultra product that greatly enhances the value and granularity of our data for our clients. In the future, market participants will be able to gain latest intelligence on market movements and discover trading opportunities. The new Ultra product will also greatly strengthen investors’ capabilities of deploying various trading strategies between the cash and futures markets. The partnership with Deutsche Boerse has significantly strengthened TAIFEX’s global reach,” said Chienlung Chou, Senior Executive Vice President at TAIFEX.

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