TAIFEX’s New USD/RMB FX Futures Get Off To A Flying Start - New Futures Outperform Similar Products In Hong Kong And Singapore -TAIFEX Extends Trading Hours For ETF Futures Linked To Chinese Indices

Trading in the Taiwan Futures Exchange’s (TAIFEX) new USD/RMB FX futures contracts got off to a strong start during its first week of trading, with an average of 6,252 contracts being traded daily.

The average trading volume of TAIFEX’s USD/CNT FX Futures and USD/CNH FX Futures reached 5,221 and 1,031 respectively, outperforming the trading volumes of similar contacts listed in Hong Kong and Singapore. The highest daily trading volume took place on 24 July 2015, with a total of 9,941 contracts being traded. 

The rising number of open interests in TAIFEX’s new USD/RMB FX Futures contracts suggests that more and more investors are using the USD/RMB FX Futures to hedge their USD/RMB currency risk.

Separately, TAIFEX has extended the trading hours of its six ETF Futures contracts linked to China stock indices from 8:45am to 4:15pm. The extended trading hours took effect on 20 July 2015 and provide investors with an opportunity to take advantage of the recent volatility in China’s stock markets, especially in the second half of the trading day. It also allows TAIFEX to better meet the trading and risk management needs of investors following the close of Taiwan’s stock market. 

The extended trading hours are already having a positive effect on the market, with 42.09% and 24.01% of trading in Fubon SSE 180 ETF Futures and W.I.S.E. Yuanta/P-shares CSI 300 ETF Futures respectively (the two most heavily traded ETF Futures on TAIFEX) taking place between 1:45pm and 4:15pm on 27 July 2015.

The extended trading hours further boosts TAIFEX’s international competitiveness and also provides greater flexibility to financial companies issuing ETFs that track China’s stock indices.