Difference between revisions of "Taiwan Futures Exchange"

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TAIFEX is a 100% electronic trading marketplace that currently offers futures and options on major Taiwan stock indices, government bond futures, equity options and 30-day CP interest rate futures. It offers interface compatibility for foreign FCMs to connect to the market. Foreign investors can participate in the TAIFEX futures market through direct accounts and omnibus accounts.
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TAIFEX is a 100% electronic trading marketplace that currently offers futures and options on major Taiwan stock indices, government bond futures, equity options and 30-day CP interest rate futures.<ref>{{cite web|url=http://www.taifex.com.tw/eng/eng_home.htm|name=About Us|org=Taiwan Futures Exchange|date=June 20, 2008}}</ref>  It offers interface compatibility for foreign FCMs to connect to the market. Foreign investors can participate in the TAIFEX futures market through direct accounts and omnibus accounts.
 
The TAIFEX Clearing House is a department of the Exchange.
 
The TAIFEX Clearing House is a department of the Exchange.
  

Revision as of 13:48, 20 June 2008

Taiwan Futures Exchange (Taifex)
Taipex pic.jpg
Founded 1997
Headquarters Taipei, Taiwan
Key People Steve Wang, president; Andy Yeh, chairman
Products Futures and options on equity indexes; options on equities; futures on government bonds and interest rates, and gold futures
Website http://www.taifex.com.tw/eng/eng_home.htm


TAIFEX is a 100% electronic trading marketplace that currently offers futures and options on major Taiwan stock indices, government bond futures, equity options and 30-day CP interest rate futures.[1] It offers interface compatibility for foreign FCMs to connect to the market. Foreign investors can participate in the TAIFEX futures market through direct accounts and omnibus accounts. The TAIFEX Clearing House is a department of the Exchange.

TAIFEX accepts two types of orders for execution - market orders and limit orders. However, an FCM may accept orders other than these two types at its own discretion, such as market-if-touched, stop, stop limit, one-cancels-the-other, market-on-close, straight cancel, and cancel replace orders.[2]

History

Taiwan Futures Exchange (TAIFEX) was established in 1997 and began trading in July 1998.

Products

Five TAIFEX products have been granted no-action letters by Commodity Futures Trading Commission (CFTC) and are permitted to offer and sell in the U.S. These products are TAIEX Futures, Mini-TAIEX Futures, Electronic Sector Index Futures, Finance Sector Index Futures and TAIFEX MSCI Taiwan IndexSM Futures. In addition, TAIFEX has been granted Part 30 Exemption by CFTC. The exemption allows designated TAIFEX members to market TAIFEX products in U.S.A directly to the U.S. investors. The exemption indicates that TAIFEX has met with the international standards.


References

  1. About Us. Taiwan Futures Exchange.
  2. Taiwan Futures Exchange. Association of Futures Markets.