LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
The Taiwan Futures Exchange’s (TAIFEX) Nifty 50 Futures contract received Commission Certification from the United States Commodity Futures Trading Commission (CFTC) on November 8, 2016, right after the launch of TAIFEX Nifty 50 Futures on November 7. The TAIFEX Nifty 50 Futures contract can now be offered and sold to U.S. persons.
The Nifty 50 Futures contract is denominated in TWD and tracks the performance of Nifty 50 index, one of the most well- known Indian stock indices compiled by India Index Services & Products Limited (IISL).
In addition to the Commission Certification for Nifty 50 Futures contract, TAIFEX has received 6 No-Action Letters from the CFTC since 2004, including TAIEX Futures, Mini-TAIEX Futures, Taiwan Stock Exchange Finance Sector Index Futures, Taiwan Stock Exchange Non-Finance Non-Electronics Sub-Index Futures, Taipei Exchange Capitalization Weighted Stock Index Futures and TOPIX Futures.