Taiwan Futures Exchange

The Taiwan Futures Exchange (TAIFEX) is a 100 percent electronic trading marketplace that currently offers futures and options on major Taiwan stock indices, government bond futures, equity options and 30-day commercial paper interest rate futures. It offers interface compatibility for foreign FCMs to connect to the market. Foreign investors can participate in the TAIFEX futures market through direct accounts and omnibus accounts. The TAIFEX Clearing House is a department of the exchange.
The Taiwan Futures Exchange ranked as the world's 18th largest derivatives exchange by volume in 2021. Total volumes for the year were 392 million contracts, up 14.9 percent from 2020, according to the Futures Industry Association's volume rankings.
The Taiwan Futures Exchange is a Primary Member of CCP Global, the global association of Central Counterparties (CCP), which represents 42 members who operate more than 60 individual CCPs across EMEA, the Americas and the Asia-Pacific region. 
== History ==
TAIFEX was established in 1997 and began trading in July 1998.
TAIFEX was issued a Part 30 exemption by the Commodity Futures Trading Commission on March 23, 2007, which allows foreign boards of trade to solicit and accept orders from U.S. customers without registering with the CFTC. The exemption allows designated TAIFEX members to market TAIFEX products in U.S. directly to U.S. investors and indicates that TAIFEX has met with the international standards.
In October 2011, TAIFEX became a full member of the World Federation of Exchanges.
In October 2012, the exchange signed a memorandum of understanding (MOU) with NYSE Euronext to connect their respective customer bases in Asia, Europe and the U.S. through NYSE Euronext’s order routing system and to explore additional ties. 
In February 2013, TAIFEX entered into a deal with Germany's Eurex to establish a link between the two exchanges, beginning with the ability to trade and clear derivatives based on the TAIEX equity index. Then, on December 27, 2013, Eurex assumed a five percent stake in TAIFEX with the purchase of 12.92 million shares of the exchange from Yuanta Financial Holdings. The deal was valued at $42 million. In May of 2014, Eurex and TAIFEX began listing daily futures based on futures and options on the Taiwanese blue-chip index TAIEX for the first time after Taiwanese trading hours at Eurex Exchange.
==Contract Volume==
Year	Total Annual Volume	Percent Change
2021	392,202,371 	14.9%
2020	341,393,346 	30.9%
2019	260,765,482 	(-) 15.4%
2018	308,083,576 	15.9%
2017	265,705,669 	9.9%
2016	241,678,556 	(-) 8.6%
2015	264,495,660 	30.7%
2014	202,227,653 	32%
2013	153,225,238 	(-) 2.2%
2012	156,731,912 	(-) 14.4%
2011	182,995,171 	30.9%
2010	139,792,891 	3.5%
2009	135,125,695 	(-) 1.2%
== Products ==
* TAIFEX TAIEX Futures
* TAIFEX Electronic Sector Index Futures
* TAIFEX Finance Sector Index Futures
* TAIFEX MiNi-TAIEX Futures
* TAIFEX Taiwan 50 Futures
* TAIFEX 10-Year Government Bond Futures
* TAIFEX 30-Day Commercial Paper Interest Rate Futures
* TAIFEX Gold Futures
* TAIFEX NonFinance NonElectronics Sub-Index Futures
* TAIFEX GreTai Securities Market Stock Index Futures
* TAIFEX NT Dollar Gold Futures
* TAIFEX Single Stock Futures
* TAIFEX ETF Futures
TAIFEX plans to launch two RMB FX futures contracts, the USD/CNT FX futures (RTF) and the USD/CNH FX futures (RHF) on July 20, 2015. RTF and RHF will have 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 the Taiwanese interbank spot FX market.
== ESG at TAIFEX ==
Information about TAIFEX's corporate commitment to ESG can be found on its website here.
== Key People ==
*Chien-Lung Chou, CEO
*Tony C. Fan, Chairman
*Peter Chiu, President
== References ==
Category:Exchanges
Category:Futures Exchanges
Category:World Federation of Exchanges
Category:MarketsWiki Page of the Day
Category:CCP Global Primary Members