Monday December 9 2013
News Source: Global Exchanges
Focus: Other
Type: General
Country: International
The Taiwan Futures Exchange (TAIFEX) and Eurex Exchange, the international derivatives marketplace and part of Deutsche Börse Group, have announced their plan to launch a Eurex/TAIFEX Link on 15 May 2014. With this link, Eurex Exchange will list TAIEX futures and options as daily expiring futures on Eurex Exchange. Derivatives on the TAIEX index are one of the most heavily traded Asian equity index contracts.
The cooperation has also been approved by Taiwan’s regulator Financial Supervisory Commission. They have stated that they encourage the development of mutually beneficial endeavors of this kind. With the link, Eurex will further broaden their presence in Asia and members will benefit from direct access to one of the most successful index derivatives contracts in Asia. Taiwanese market participants will be able to trade Taiwan’s most liquid index derivatives contracts during Taiwanese after hours. This will also attract new customers for TAIEX products outside of Taiwan.
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