Monday January 22 2024
News Source: Global Exchanges
Focus: Derivative Market Segment
Type: General
Country: International
The Taiwan Futures Exchange (TAIFEX) to launch its flexible contracts trading platform on January 22nd, 2024. The MiniTAIEX Flexible Futures (MXFFX) along with the TAIFEX PHLX Semiconductor Sector Futures (SXF) launched on December 18th, 2023, both products have received Commission Certification from the US Commodity Futures Trading Commission (CFTC), allowing eligible brokers to market them to US participants.
The introduction of flexible contracts aims to provide traders with flexibility to select certain contract specifications, catering to their trading and hedging needs. Traders can tailor the expiration day to accommodate specific events such as major economic data releases, earnings calls or financial results announcements of mega-corporations. Traders can apply for the flexible contracts through futures brokers, and upon approval by TAIFEX on the same day, trading will begin on the next business day. The new flexible contracts trading platform allows traders to choose contract specifications, enabling them to manage portfolio risks more timely and accurately and to seize additional trading opportunities.
Taking advantage of the development of the semiconductor industry, TAIFEX introduced SXF and related semiconductor stock futures products to provide traders with more opportunities, navigate the global semiconductor technology landscape, and address challenges in the US-China-Taiwan silicon triangle relationship.
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