The Taiwan Futures Exchange (TAIFEX) announced today that it has set a milestone for accumulated trading volume, with 100,181,866 combined futures and options contracts traded till today (11/13), It surpasses the previous all-time record of 92,659,768 contracts set in 2005, representing an increase of 8.12% so far. TAIFEX estimates that the total annual trading volume to reach 120,000,000 by the end of this year.
The new record breaking contributed largely by the Taiwan government’s efforts in reducing the transaction taxes in the beginning of this year, in conjunction with the supports from the Chinese National Futures Association, and all the market participants. TAIFEX will continue to build on this success to further improve its services and provide investors with an efficient and innovative marketplace.
