TAIFEX sees Yuan FX futures volumes tumble in November 2015

Taiwan Futures Exchange (TAIFEX) has just reported its operating metrics for November 2015 and although overall trading volumes rose in both monthly and annual terms, RMB futures volumes took a dive after a rather strong October.

Overall trading volumes at the Exchange rose 27.2% against October 2015 levels to 25,646,980 contracts. The rise in annual terms was even more pronounced at 30.9%.

This increase, however, was not achieved on the back of RMB futures, a new product that TAIFEX introduced in July this year. Volumes of USD/CNH FX Futures (RHF) and USD/CNT FX Futures (RTF) marked a steep decrease last month.

  • In November 2015, monthly trading volumes with USD/CNH FX Futures amounted to meager 5,047 contracts, down from 38,589 contracts registered in October 2015.
  • The monthly volumes for USD/CNT FX Futures totaled humble 77,491, compared with 442,891contracts registered in October 2015.

We are curious to see whether the drop in Yuan FX futures trading volumes represents a temporary phenomenon or a trend. TAIFEX has announced a special incentive program for institutional investors for the first quarter of 2016, with the program covering Yuan futures too.

To view the full report on TAIFEX on its statistics for November 2015, click here.

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