Today, Deutsche Börse and Taiwan Futures Exchange (TAIFEX) launched the new data product TAIFEX Derivatives Market Ultra. It provides pre- and post-trade market data on occurrence, in contrast to the core product which continues to provide snapshots eight times per second. Bids, offers and traded prices are aggregated on price level for both products.
“The product launch marks another milestone in the successful market data partnership between Deutsche Börse and TAIFEX. Under the partnership, which has been in place since 2016, Deutsche Börse acts as licensor of TAIFEX market data to all international clients. Clients can conveniently access data products offered by both exchanges under a single license agreement,” says Alireza Dorfard, Head of Data Services at Deutsche Börse.
“TAIFEX is pleased to offer the new Ultra product that greatly enhances the value and granularity of our data for our clients. In the future, market participants will be able to gain latest intelligence on market movements and discover trading opportunities. The new Ultra product will also greatly strengthen investors’ capabilities of deploying various trading strategies between the cash and futures markets. The partnership with Deutsche Börse has significantly strengthened TAIFEX’s global reach,” says Chienlung Chou, Senior Executive Vice President of TAIFEX.
The data product TAIFEX Derivatives Market Ultra includes data on all derivatives tradeable on TAIFEX, including TAIFEX’s flagship products TAIEX futures, TAIEX options and Mini-TAIEX futures. These are three of the most successful equity index derivatives contracts in Asia. TAIEX (the Taiwan Stock Exchange Capitalization Weighted Stock Index) is the most widely followed of all Taiwan Stock Exchange Corporation (TWSE) indices. The data product delivers bids and offers up to an order book depth 5. Pre- and post-trade information is provided un-netted, i.e. bids, offers and prices are distributed as they occur.
More information about TAIFEX Derivatives Market Ultra can be found at www.data.services.deutsche-boerse.com.
