Nifty 50 Futures and EUR/USD & USD/JPY FX Futures debut on TAIFEX


The Taiwan Futures Exchange (TAIFEX) has today launched three new derivative contracts – a Taiwan Dollar (TWD)-denominated Nifty 50 Futures contract, and two FX futures contracts: EUR/USD FX Futures and USD/JPY FX Futures.

Dr. Len-Yu Liu, Chairman of the TAIFEX
Dr. Len-Yu Liu, Chairman of the TAIFEX

Dr. Len-Yu Liu, Chairman of the TAIFEX said:

We are extremely pleased to be launching these new futures contracts today. The Nifty 50 contract is the second foreign equity index product to debut on TAIFEX and aligns with our ongoing effort to introduce more overseas products to the Taiwan futures market.

He continued:

The EUR/USD FX Futures and USD/JPY FX Futures further expands the range of foreign currency products available on TAIFEX – an asset class that is proving popular with our customers. We look forward to developing more innovative products to help investors hedge and trade more effectively in the future

The Nifty 50 futures contract tracks the Nifty 50 Index, the most widely used Indian benchmark that comprises of 50 companies and represents approximately 66% of the free float market capitalization of the companies listed on India’s National Stock Exchange (NSE). The contract size is TWD 50 per index and will trade from 8:45am to 6:15pm Taiwan local time.

The contract sizes of the EUR/USD FX Futures and USD/JPY FX Futures are EUR 20,000 and USD 20,000, respectively, and will trade from 8.45am to 4.15pm Taiwan local time.

Related News

arrow

Nifty 50 Futures and EUR/USD & USD/JPY FX Futures debut on TAIFEX

4

Send this to a friend