The Taiwan Futures Exchange (TAIFEX) was today named the winner of the ‘Financial Derivatives Exchange of the Year’ award at the Asian Banker Financial Markets Awards 2017 held in Singapore. It is the third year in a row that TAIFEX has been bestowed this prestigious award.
The award is the latest in a series of global recognitions for TAIFEX. In 2016, it was awarded ‘Financial Derivatives Exchange of the Year’ by The Asian Banker and ‘Emerging Exchange of the Year’ at the Futures and Options World (FOW) Awards for Asia 2016.
The ‘Financial Derivative Exchange of the Year’ award is highly recognized among financial services practitioners and professionals in Asia. The winner is selected by a specialized panel of experts who judge each candidate exchange’s overall performance in 2016, including strong financial performance, healthy liquidity, market depth, trading efficiency, product development and growth.
TAIFEX has continued to move from strength to strength in recent years, solidifying its presence as one of the leading exchanges in the region. In 2016, it launched its first ever FX options – RMB Options, along with EUR/USD and USD/JPY FX Futures, an offshore equity index futures product on India’s Nifty 50, as well as futures and options for the Capital SZSE SME Price Index ETF. It also recently launched S&P500® Futures and Dow Jones Industrial Average® (DJIA) Futures and an after-hour trading session in May 2017.
These initiatives have supported the steady growth of trading activity on TAIFEX, with more than 241.6 million trades in 2016 – the second highest annual trading volume of the exchange.
Looking ahead, TAIFEX will continue to meet the needs of market participants and boost the competitiveness of the Taiwan futures market by accelerating the pace of international cooperation, engaging in product diversification and stimulating futures trading, while serving the needs of the real economy.
