TAIFEX Taiwan 50 Futures
TAIFEX Taiwan 50 futures trade on the Taiwan Futures Exchange (TAIFEX). TAIFEX Taiwan 50 futures' underlying index, TSEC Taiwan 50 Index, is a capitalization-weighted index consisting of 50 shares trading on the Taiwan Stock Exchange, which the Taiwan Stock Exchange and FTSE jointly developed, with the base level set at 5000 as of April 30, 2002.
In 2007, TAIFEX Taiwan 50 futures traded only 506 contracts (+52.4 percent YOY).
|Taiwan 50 Futures futures|
|Exchange||Taiwan Futures Exchange|
|Contract Size||NT$100 x Index|
|Pricing Unit||Need pricing unit!|
|Tick Value||One index point (NT$100)|
|Contract Months||Five delivery months, including spot month, the next calendar month plus next three quarterly months of the March, June, September, and December cycle.|
|Last Trading Day||The third Wednesday of the delivery month.|
|Note: This contract is electronic ONLY -- no open outcry|
|No Open Outcry||Electronic|
|Trading Hours||N/A||08:45AM-1:45PM Taiwan time Monday through Friday of the regular business days of the Taiwan Stock Exchange.|
|Price Limits||N/A||+/- 7% of previous day's settlement price.|