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Deutsche Boerse Group
TAIFEX and Eurex agree on strategic alliance to cooperate in derivatives
Eurex to launch contracts based on Taiwan’s main index TAIEX in Taiwanese
TAIFEX to extend global reach of its main index options and index futures
TAIFEX, the Taiwan Futures Exchange, and Eurex Exchange, the international
derivatives marketplace, announced an extensive product cooperation to
and clear derivatives based on the TAIEX index, one of the most heavily
Asian equity indexes. A Letter of Intent (LoI) was signed today by Dr. Tony
Fan, Chairman TAIFEX, and Andreas Preuss, CEO Eurex, in Taipei, Taiwan. The
foresees to establish a link between both marketplaces. As a first step,
partners plan to list TAIEX options and TAIEX futures as daily expiring
on Eurex Exchange in Q4 2013.
The TAIFEX/EUREX project is the first substantial case of cooperation with
international market operator in Taiwan’s capital market according to
regulator FSB (Securities and Futures Bureau), part of the FSC (Financial
Supervisory Commission). They say that they encourage the development of
mutually beneficial endeavors of this kind.
Dr. Tony Fan said: ”The partnership with Eurex is part of our strategy to
sustain the competitiveness in the fast-changing global derivatives market.
Licensing our flagship products TAIEX futures and TAIEX options to Eurex as
underlyings of daily expiring futures is a major milestone in the Taiwan
capital market. This cooperation will enable investors to trade TAIEX
and TAIEX options while TAIFEX market is closed. Our members can also
expand their business by providing customers with diversified products and
Andreas Preuss said: “This cooperation is a major milestone of our Asia
strategy to broaden our global product suite. Our members will benefit from
direct access to one of the most successful derivatives contracts in Asia,
while Taiwanese market participants will have the opportunity to trade
most liquid index derivatives contracts during Taiwanese after hours. The
cooperation also aims to attract new Eurex customers for TAIEX products
of Taiwan and increase the interest for Eurex products from Asia-Pacific.”
With this product cooperation, TAIEX options and futures will be available
after Taiwanese trading hours for the first time. The product listing
international investors and traders to access the TAIEX index derivatives
market during European and US core trading hours. At the end of each
day at Eurex, the open interest will be transferred to the TAIFEX clearing
Both partners believe that the link will further increase the liquidity and
efficiency of the Taiwanese derivatives market. In the first month of 2013,
average daily volume (ADV) in TAIEX options and TAIEX futures was over
and 100,000 contracts, respectively. The products’ launch is pending final
regulatory approval from the respective authorities in Taiwan and Germany.
Heiner Seidel, phone: +49-69-2 11-1 15 00, e-mail:
Sandra Hsieh, phone：+886-2-2366-3132, e-mail: email@example.com
About Eurex Group
Eurex Group turns ideas into opportunities – in trading and clearing,
technology and risk management. Each of the six businesses is a leader and
innovator in their own area. Eurex Exchange was the world’s first
cross-border exchange, now offering more than 1,700 products across a
range of asset classes. Eurex Clearing is one of the leading central
counterparties globally and a pioneer in risk management and post-trade
technology, offering clearing services for derivatives, equities, bonds,
secured funding & financing and energy transactions. In the US,
Securities Exchange (ISE) transformed the options industry as the first
all-electronic exchange and is now one of the world’s largest equity
exchanges. European Energy Exchange (EEX) is Europe’s largest market for
trading in energy and related commodities. Eurex Repo is the leading market
secured funding & financing in Europe. And Eurex Bonds is one of the most
liquid markets for European bonds on an electronic trading platform.
Find out more at eurexgroup.com
Eurex Group is owned by Deutsche Börse AG (Xetra: DB1).
Established in 1997, TAIFEX currently offers 19 products, including stock
futures and options, interest rate futures, single stock futures, equity
options and gold futures and options. TAIFEX’s flagship products TAIEX
and TAIEX options are two of the most successful equity index derivatives
contracts in Asia. On November 14, 2012, TAIFEX launched weekly TAIEX
to better meet market demand. Following launch of the weekly product, the
average daily volume of TAIEX Options soared 30% compared to the same
last year. According to FIA, for the first 8 months of 2012, TAIEX options
ranked #4 equity index options contracts in Asia, or #10 in the world.
introduced single stock futures (SSFs) on January 25, 2010, aiming to
stock investors with better hedging tools and reduce tracking errors. In
SSFs average daily volume soared 86.72% to 18,683 contracts. According to
TAIFEX’s SSFs were ranked #10 among WFE members in the first half of 2012.
For more information, please visit: www.taifex.com.tw
Further information from Deutsche Boerse Group
is available under http://deutsche-boerse.com/press
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