Taiwan Futures Exchange (TAIFEX) earlier today posted its operating metrics for August 2015, with the month showing a continued growth in overall volumes, including a growth in Forex futures volumes, obviously bolstered by heightened trading activity during the last week of August.
Overall trading volumes for August 2015 were 29,464,233 contracts, which is 12.3% higher than the result recorded in July 2015 and 56% higher than the result recorded in August 2014.
On July 20, 2015, TAIFEX launched two new RMB futures contracts – USD/CNH FX Futures and USD/CNT FX Futures. The Exchange has already reported some strong data regarding the first days of trading in the new instruments.
Today’s data reiterated the interest in the Renminbi futures, as:
- In August 2015, monthly trading volumes with USD/CNH FX Futures reached 22,180 contracts.
- Average daily volumes for USD/CNH FX Futures for the January-August 2015 period amounted to 1,057.
- The monthly volumes for USD/CNT FX Futures totaled 252,744 in August 2015.
- Average daily volumes for USD/CNT FX Futures for the January-August 2015 period were 10,020, nearly double the level seen during the first days after this financial instrument was introduced.
To view TAIFEX’s full data for August 2015, click here.