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The Taiwan Futures Exchange (TAIFEX) launched two RMB FX futures contracts, the USD/CNT FX Futures (RTF) and the USD/CNH FX Futures (RHF) today. Trading in both products together achieved a total volume of 5,290 contracts on the first day of trading.
RTF and RHF recorded 4,174 and 1,116 contracts, respectively. For RTF, spot month contract (delivery month of August 2015) was shown as the most actively traded contract (RTF085 – 2,062 contracts); whereas in the case of RHF, it was the quarterly contract of RHF036 (March 2016), with 229 contracts traded.
“Today marks a new milestone to Taiwan’s futures market,” said TAIFEX’ Chairman Dr. Len-Yu Liu. “Our new RMB FX Futures products further diversify our product offerings, providing new channels for investors to allocate their assets and hedge their FX risks.”
RTF and RHF are with contract sizes of USD 20,000 and USD 100,000, separately. Alongside those of ETF Futures linked to China stocks, the trading hours of TAIFEX’ RMB FX Futures contracts are also from 8:45am to 4:15pm.
