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Record Year for TAIFEX Trading Volume
Turnover on the Taiwan Futures Exchange (TAIFEX) reached an all-time high of 182,995,171 contracts in 2011, up 30.9% from 2010. Meanwhile, the average daily volume for 2011 was 740,871 contracts, an increase of 33.02% from the previous year. TAIEX options, TAIEX futures and mini-TAIEX futures were major contributors to the impressive performance, with year-on-year growth of 31.46%, 20.84% and 37.68%, respectively.
Single stock futures (SSFs) were another growth driver. With TAIFEX rolling out three new measures─loosening listing criteria, simplifying SSF contract adjustments for cash dividends on underlying stocks, and launching a market-making incentive program in May 2011—SSFs trading volume and average daily volume soared 241.21% and 226.03% to 2,471,605 contracts and 10,006 contracts, respectively.
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