The Taiwan Futures Exchange (TAIFEX; ) was established in 1998. It offers
futures
Futures may mean:
Finance
*Futures contract, a tradable financial derivatives contract
*Futures exchange, a financial market where futures contracts are traded
* ''Futures'' (magazine), an American finance magazine
Music
* ''Futures'' (album), a ...
and options on major
Taiwan
Taiwan, officially the Republic of China (ROC), is a country in East Asia, at the junction of the East and South China Seas in the northwestern Pacific Ocean, with the People's Republic of China (PRC) to the northwest, Japan to the nort ...
stock indices, government bond futures, equity options and 30-day CP interest rate futures.
The development of Taiwan's futures market may be divided into two stages. In the first stage, foreign futures were allowed for trading; the second stage marked the creation of a domestic futures market. The ''Foreign Futures Trading Law'' was enacted in June 1992 to provide a legal basis for investors to trade at foreign futures markets. The ''Futures Trading Law'' was enacted in March 1997, which replaced the ''Foreign Futures Trading Law'' and established the legal guidelines for the domestic futures market. This paved the way for the establishment of TAIFEX in September of the same year.
[About us > Origin of establishmen]
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Along the years the TAIFEX have sought to diversify its products seeking to offer more hedging vehicles for investors.
Products introduction timeline
* 21 Jul 1998: The Taiwan Capitalization Weighted Stock Index, Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX) futures.
* 21 Jul 1999: The Taiwan Stock Exchange Electronic Sector Index futures and the Taiwan Stock Exchange Finance Sector Index futures.
* 9 Apr 2001: The Mini-TAIEX futures.
* 24 Dec 2001: The TAIEX options.
* 20 Jan 2003: Equity options with physical settlement.
* 30 Jun 2003: The Taiwan 50 Index Futures.
* 2 Jan 2004: The Government Bond Futures.
* 31 May 2004: The 30-Day Commercial Paper Interest Rate Futures.
* 28 Mar 2005: The Electronic Sector Index Options and Finance Sector Index Options.
* 27 Mar 2006: The MSCI Taiwan Index Futures, MSCI Taiwan Index Options and Gold Futures (all US dollar-denominated).
See also
* Economy of Taiwan
The economy of Taiwan is a highly developed market economy. It is the 8th largest in Asia and 18th-largest in the world by purchasing power parity, allowing Taiwan to be included in the advanced economies group by the International Monetary F ...
References
External links
TAIFEX official site
(in English)
{{World Federation of Exchanges
Financial services companies established in 1998
Finance in Taiwan
Futures exchanges
1998 establishments in Taiwan