The Taiwan Futures Exchange (TAIFEX) announced today that the Eurex/TAIFEX Link, its international cooperation project with Eurex Exchange, has won the “Most Innovative New Contract – Equities” at the Futures and Options World (FOW) Awards for Asia 2015.
Now in their fourth year, the FOW Awards for Asia, hosted by the globally renowned derivatives publisher, recognizes the leading developments in the Asian and Middle Eastern derivatives markets. This year, three contracts were shortlisted for the “Most Innovative New Contract – Equities” Award, the SSE50 Index (CFFEX), the JPX-Nikkei Index 400 (JPX/OSE), and the Eurex/TAIFEX Link (Eurex/TAIFEX). Through a rigorous selection process by independent experts, the Eurex/TAIFEX Link has been selected as the winner. “This is a hugely successful contract launch – a rarity in the market,” commented by the judges, “the Eurex/TAIFEX link is an innovative model that brings greater participation to the Asian derivatives markets and enables smaller exchanges to be globally relevant. The model is undervalued in the market as not many exchanges are offering it; but it is a significant innovation in the market and one that needs to be repeated.”
On May 15, 2014, TAIFEX and Eurex started its first cooperation by listing Daily Futures on TAIEX Futures and TAIEX Options on Eurex Exchange after the market close in Taiwan. TAIFEX’ Chairman, Dr. Len-Yu Liu commented, “The Link extends the trading of these two products and allows both domestic and foreign investors to perform various trading strategies during the European and US trading hours.”
“We are delighted to receive this award as recognition of our idea to create an overnight market for the TAIEX index derivatives. It also encourages us to pursue further cooperation steps,” said Michael Peters, Member of the Eurex Executive Board.
TAIFEX is committed to its growth trajectory and to further advance its futures trading through its hedging and price discovery functions.
FTSE Mondo Visione Exchanges Index:
Eurex/TAIFEX Link Wins “Most Innovative New Contract - Equities" At FOW Awards For Asia 2015
Date 23/09/2015