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Trading volume of the newly listed ETF Futures on Taiwan Futures Exchange (TAIFEX) continuingly breaks its prior records. 8,038 contracts were traded on December 4, reaching a record daily high since its launch on October 6. In just two months, ETF futures have become a focus of the market.
On October 6, TAIFEX launched three Single Stock Futures on Yuanta/P-shares Taiwan Top 50 ETF, W.I.S.E. Yuanta/P-shares CSI 300 ETF, and Fubon SSE180 ETF (altogether, ETF Futures). In line with the increasing trading volumes of Shanghai and Shenzhen stock markets in recent months, the timely launch of ETF Futures of CSI 300 and SSE 180 has provided investors with an expedient channel to participate in China’s market by using Taiwan dollars. ETF Futures have attracted great attention from investors with the advantages of low transaction costs, high financial leverage, and various trading strategies.
According to the statistics of TAIFEX, the average daily trading volume of the ETF Futures rose from 1,283 contracts in October to 4,648 contracts on December 4, marking an increase of over 260%. CSI 300 ETF Futures and SSE 180 ETF Futures recorded a day high of 4,382 and 3,173 contracts, respectively on December 4. The trading volume of ETF Futures is expected to continue its growing forces with the soaring performance of the underlying markets in China.
With an increasing volatility in Taiwan stock and futures market, TAIFEX outstood its prior record of 182,995,171 contracts in 2011and accumulated over 183 million contracts as of December 3, 2014. Along with launching of new products, introduction of international practices and marketing campaigns, TAIFEX will surely mark an extraordinary performance and set a new record high trading volume in 2014.
