Press Release – KELER CCP realized profits above the plan
A member of the KELER Group owned by the Central Bank of Hungary, KELER CCP, provider of…
Press Release – KELER Group closes the year with growth – focus on expansion
European Commission and EBRD provide support for KELERs international expansion plans
Press Release – AIX has selected KELER Group to provide post-trade services to AIXs members for equity clearing and settlement
Astana International Exchange (AIX) informs that it has selected KELER CCP and KELER CSD (KELER…
NonFinance NonElectronics Sub-Index Futures(XIF)
NonFinance NonElectronics Sub-Index Options (XIO)
GreTai Securities Market Capitalization Weighted Stock Index Futures (GTF)
GreTai Securities Market Capitalization Weighted Stock Index Options(GTO)
30-Day Commercial Paper Interest Rate Futures (CPF)
Taiwan Futures Exchange (TAIFEX) was established in 1997 and began trading in July 1998. The TAIFEX Clearing House is a department of the Exchange.
TAIFEX had an initial capital of NT billion, which came from shareholders of four relevant industries, including futures, securities, banking, and securities/futures-related institutions. Total shareholding was kept at around 25% and each shareholder may not hold more than 5% otherwise approved by the Securities and Futures Bureau (SFB)**. The shareholders of TAIFEX are spread across a wide spectrum.
** In July 2004, Financial Supervisory Commission (FSC) was established. Securities and Futures Commission (SFC) was restructured and renamed as Securities and Futures Bureau (SFB) under the supervision ofFSC.
Foreign investors can participate in the TAIFEX market through direct accounts and omnibus accounts.
U.S.These products are TAIEX Futures, Mini-TAIEX Futures, Electronic Sector Index Futures, Finance Sector Index Futures and TAIFEX MSCI Taiwan IndexSMFutures. In addition, TAIFEX has been granted Part 30 Exemption by CFTC. The exemption allows designated TAIFEX members to market TAIFEX products in U.S.A directly to theU.S.investors. The exemption indicates that TAIFEX has met with the international standards.
TAIFEX is a 100% electronic trading marketplace, and offers flexible interface compatibility for foreign FCMs to connect to the market.
TAIFEX accepts two types of orders for execution – market orders and limit orders. However, an FCM may accept orders other than these two types at its own discretion, such as market-if-touched, stop, stop limit, one-cancels-the-other, market-on-close, straight cancel, and cancel replace orders.
The clearing and settlement process is undertaken by the Clearing Department of TAIFEX which has independent operations, finances and accounting from that of TAIFEX. Those who intend to conduct clearing business should apply for a clearing membership to the Clearing Department of TAIFEX. All FCMs have to clear their positions through a registered clearing member, which has to demonstrate financial compliance at all times.
The methodology of setting margins for futures contract in TAIFEX is based on the volatility of the underlying within the last 180 days with the objective of covering 99.7% of the single-day price volatility risk. The margin required for the TAIEX futures from a clearing member is NT0 Index Risk Coefficient. Both NTD and USD may be accepted as margin deposit.