Taiwan Futures Exchange Became A Member Of The International Swaps And Derivatives Association (ISDA)

Taiwan Futures Exchange (TAIFEX) joined the ISDA as a member on July 14, 2022, with an aim to deepen international cooperation and raise the awareness and credibility of the Taiwan financial market.

Established in 1985, the ISDA has been dedicated to promoting the safety and efficiency of OTC derivatives and has become the most representative organization in the global derivatives market. Through its work in reducing counterparty credit risk, increasing transparency, and improving the industry’s operational infrastructure, ISDA has helped to facilitate the stability and robustness of financial markets and strengthen the financial regulatory framework. In addition, ISDA’s initiative in developing the ISDA Master Agreement and other related documentation materials and its commitment to communication with government agencies all over the world have fostered the robust development of derivatives markets.

ISDA has over 980 member institutions from 78 countries. These members comprise a wide range of derivatives market participants, including banks, insurance companies, asset managers, pension funds, exchanges, clearing organizations, energy firms, and multinational corporations. Exchange members include CME, Eurex, LSE, JSCC, OTC Clearing, and SGX.

TAIFEX plans to launch its OTC derivatives clearing business on July 25. Being an ISDA member not only allows TAIFEX to obtain the most updated ISDA documents and legal opinions, attend ISDA meetings and relevant activities, exchange views with derivatives market participants and regulators in the world, and explore the latest trends in the market, but also enables TAIFEX to keep pace with international markets, polish its central clearing mechanisms, deepen international cooperation, and increase global credibility.