TAIFEX’s May Volumes Pointed Lower, ETFs, Stocks Lead Decline

TAIFEX's total volume was lower in May, with single stock futures and ETFs weighing down key instruments' growth.

The Taiwan Futures Exchange (TAIFEX) has reported its latest tranche of trading volumes for May 2016, which offered a mixed overview in terms of its performance – overall this was highlighted by a generally upbeat year-to-date (YTD) trend, according to a TAIFEX newsletter.

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TAIFEX offers a wide range of instruments, including foreign exchange (FX), futures, exchange-traded-funds (ETFs) and other options contracts. In terms of total trading volume in May 2016, the exchange notched a total of 21.6 million contracts, vs. 21.9 million back traded back in May 2015. This corresponds to a YoY retreat of approximately -14.6%.

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Looking closer at its May 2016 figures, the largest components of TAIFEX’s volumes were Index Futures and Options – specifically Taiwan futures and options that came in at 14.3% and 69.5% respectively as a measure of total volumes. Taiwan Index futures were the best performing instrument of the month, growing to 3.1 million contracts in May 2016, up from 2.5 million contracts in May 2015 or 24.0% YoY.

TAIFEX also saw a mixed performance across its ETF and FX business. Looking at its ETF business, TAIFEX disclosed a figure of only 135,139 in May 2015 across its ETF futures, down -15.0% YoY from 159,058 in May 2015

Regarding its FX trading, the exchange reported a figure of 13,660 USD/CNH futures in May 2016, along with 56,138 USD/CNT FX futures – neither instrument was available in May 2015. 

The worst performing instrument in May 2016 was single stock futures, with TAIFEX trading just 838,249 for the month, indicative of a loss of -30.1% YoY from 1.2 million in May 2015.

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