The first-ever futures contract tracking the Taiwan Stock Exchange cap-weighted index – or TaiEx – has gone live on the Osaka Exchange.
It follows a series of collaborative projects between the Taiwan Stock Exchange Corporation and the Japanese Exchange Group.
Since the second quarter of 2015, exchange traded products tracking the TOPIX, Nikkei 225 indices and TOPIX Futures index have listed on the TWSE.
Today’s announcement comes a month after Shih Jun-ji (施俊吉) was confirmed as the new chairman of the Taiwan Stock Exchange, replacing Lee Sush-der (李述德), who has now retired.
In a statement, a spokesman for the Taiwan Stock Exchange Group, said: “Interactions between the Taiwanese and Japanese market operators have grown steadily since the signing of a Memorandum of Understanding in 2000. These interactions include annual investment forums in each market, cross-listings and joint marketing activities.
“Both exchanges expect to further deepen their cooperation and provide more investment products to investors in the future.”
The TAIEX index consists of all listed common shares traded on the TWSE and is the benchmark index for the Taiwan securities market.
The Taiwan Stock Exchange was founded in 1961. It offers trading markets for stocks, warrants, exchange traded products and Taiwan Depository Receipts (TDRs).