Mon, May 02, 2011 - Page 11 News List

TAIFEX transactions up 40% in first four months of this year

Staff writer, with CNA

Transactions on the Taiwan Futures Exchange (TAIFEX) rose almost 40 percent during the first four months of this year from a year earlier on rising investor interest in derivatives trading, the exchange said.

In the period from January to last month, the volume of contracts which covered futures and options rose 38.7 percent year-on-year to 61.36 million, while the average daily volume gained 42.35 percent from a year ago to 807,314, the TAIFEX said.

The TAIFEX said the increase in futures and options transactions demonstrate the exchange’s continued efforts to educate the public on how to leverage their investments through derivatives trading.

Last month alone, the number of futures and options contracts hit 14.6 million, up 26.52 percent from the corresponding period last year, with the average daily volume up 39.84 percent at 768,368.

According to the exchange, TAIEX futures, mini-TAIEX futures and TAIEX options remained among the most popular derivative products of the exchange in terms of trading volume.

The number of TAIEX futures contracts during the four months rose 14.01 percent from a year earlier.

The volume of mini-TAIEX futures contracts gained 12.31 percent during the first four months of this year, while TAIEX options contracts grew 53.11 percent.

The number of financial sector index futures contracts during the four months rose 169.07 percent from a year ago, while the volume of electronics sector index futures contracts gained 64.21 percent.

The exchange said it will initiate new trading mechanisms tomorrow to attract more investors to the futures market, including a move to expand the number of stock futures products from 40 to 212.

The 212 stock futures will track 212 companies listed on the main board in 24 industry sectors.

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