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TAIFEX to launch RMB FX futures

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The Taiwan Futures Exchange (TAIFEX) is to launch two RMB FX futures contracts, the USD/CNT FX futures (RTF) and the USD/CNH FX futures (RHF) on 20 July, 2015. 

RTF and RHF are with contract sizes of USD 20,000 and USD 100,000 respectively. Trading hours for both contracts will be from 8:45am to 4:15pm to cover the trading hours of Taiwanese interbank spot FX market.

In addition, TAIFEX launched two new ETF Futures associated with China’s stock indices (FTSE China A50 Index and SZSE 100 Index) on 8 July, 2015. They added to TAIFEX current ETF Futures suite, and made it a total of six ETF Futures linking to China stock indices. Prior to the launch, TAIFEX has already listed futures on several domestic and offshore ETFs, and their total average daily trading volume posted 10,838 contracts in June 2015. The two most actively traded contracts, Fubon SSE 180 ETF Futures and WISE Yuanta/P-shares CSI 300 ETF Futures, reached 341 per cent and 78 per cent, respectively, of their underlying ETFs in terms of traded shares.

TAIFEX two newly-added ETF Futures further expand its coverage of offerings over China’s major stock indices, serving investors’ risk management needs on the recent volatile China stock market. Investors can be more flexible on their trading and hedging strategies, which will then bring up trading volumes in both ETFs’ spot and futures markets.

TAIFEX will extend the trading session of the ETF Futures on China stocks to 4:15pm Taiwan time, which is expected to start from 20 July, 2015, in order to cover the entire trading hours of China’s stock market.

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