The Taiwan Futures Exchange (TAIFEX) traded a record number of contracts in 2014, passing the 200 million mark for the first time since it opened for business.
Total trading volumes rose by 32.1 percent from 153.2 million in 2013 to 202.4 million in 2014, surpassing TAIFEX’s previous record of just under 183 million contracts traded in 2011.
In 2014, total trading volume of futures rose 15.4 percent, while options increased by 38.7 percent.
Average daily trading volume rose 31 percent from 622,867 in 2013 to 816,174 in 2014.
Of the four major products available, TAIEX Options, TAIEX Futures, Mini-TAIEX Futures and Single Stock Futures, the latter saw the largest amount of growth. It increased by 74 percent compared to 2013, trading a total of 9.5 million contracts with an average daily volume of 38,341.
TAIEX Options also showed considerable growth, trading a total of 15.2 million contracts with an average daily volume of 611,373 an increase of 38.7 percent.
In the second half of 2014, Taiwanese trading and hedging gained momentum in the futures and options market.
The success has been partly attributed to various new incentive programmes, including a more developed negotiated block trade introduced in December 2013, and the opening of Eurex and TAIFEX link products in May 2014.
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