TAIFEX

The Taiwan Futures Exchange (TAIFEX) was established in 1998. It offers futures and options on major Taiwan stock indices, government bond futures, equity options and 30-day CP interest rate futures. The development of Taiwans 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 Taiwan Futures Exchange (TAIFEX) in September of the same year. TAIFEX launched its first product: the Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX) futures on July 21, 1998. On its first anniversary, TAIFEX introduced two ...