Derivatives exchange Eurex has admitted the first five exchange members based in Taiwan to its international distribution network.
Concord Futures, KGI Futures, Polaris MF Global Futures, SinoPac Futures and Ta Chong Futures were connected this month.
The admission of the additional members from Taiwan increases the number of Eurex’s Asian member firms to 19 across five countries.
Trading volume originated by Eurex’s Asia-based members has doubled in the first half of 2010 year-on-year.
“We are very pleased to welcome the first local brokers from Taiwan at Eurex, and we look forward to providing them with new trading opportunities enabling them to diversify their trading strategies. The recently signed Economic Cooperation Framework Agreement between Taiwan and China should further support the Taiwanese economy and its capital market,” says Michael Peters, member of the Eurex executive board.
“Through the connection to our global distribution network, our new customers now have direct and reliable access to our well-diversified product suite and our international trading network.”
With the new admitted members, Eurex now serves around 420 members in 27 countries.