TAIFEX Receives CFTC Certification for TOPIX Futures Contract

The granting of the CTFC's certification will allow US investors to trade in the Taiwan futures market.

The Taiwan Futures Exchange (TAIFEX) has announced that it has received Commission Certification for its TOPIX Futures contract from the US Commodity Futures Trading Commission (CFTC) on 26 July, 2016.

CTFC Certification

The granting of Commission Certification serves to strengthen TAIFEX’ global offerings by allowing US investors to trade in the Taiwan futures market.

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The TOPIX Futures contract is denominated in TWD and tracks the performance of the Tokyo Stock Price Index (TOPIX), one of the most well-known Japanese stock indices. Launched in December 2015, it is TAIFEX’ first foreign equity index futures contract.

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In addition to the Commission Certification for TOPIX Futures contract, TAIFEX has also been granted 6 No-Action Letters for its equity index futures from the CFTC since 2004, including the TAIEX Futures, MiniTAIEX Futures, Taiwan Stock Exchange Electronic Sector Index Futures, Taiwan Stock Exchange Finance Sector Index Futures, Taiwan Stock Exchange Non-Finance Non-Electronics Sub-Index Futures and Taipei Exchange Capitalization Weighted Stock Index Futures.

In February this year, TAIFEX also obtained the Class Relief for its index options, equity options and ETF options from the Securities and Exchange Commission (SEC) which enables US investors to trade TAIEX Options, the TAIFEX’ flagship product and also the fifth most actively traded equity index option globally.

TAIFEX, which recently reported its latest tranche of trading volumes for May 2016, has stated that it will continue to diversify its product line in order to attract more foreign participants and further expand the depth and breadth of Taiwan futures market.

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