The Taiwan Futures Exchange (TAIFEX) has said it will introduce new futures products this year.
To meet the increasing demands of renminbi cash pools, TAIFEX intends to launch RMB forex futures during the first half of 2015. Also this year, the exchange intends to launch derivatives on major international stock indices.
The exchange also intends to build on the successful experience of Eurex/TAIFEX Link model and plans to list more products.
Trading hours of China stocks-linked ETF Futures will be extended from 1.45pm to 4.15 pm to cover the trading hours of their home markets. These would include the recently launched W.I.S.E. Yuanta/P-shares CSI 300 ETF Futures and Fubon SSE180 ETF Futures.
TAIFEX’s business grew by 30% in 2014, with volumes hitting an all-time high at an average trading volume of 816,000 contracts per day. Altogether, futures and options traded on stock indices at TAIFEX ranked 10th in the world.
Driving the market’s growth, was the broadening of underlying assets (such as exchange-traded funds) of single stock futures, the disclosing of calculated opening prices and volumes during pre-trading session and the increasing of more block trades by negotiated trade systems.