TAIFEX’s January Volumes Suffer Sizable Decline, FX Bottoms Out

The Taiwan Futures Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (TAIFEX) has reported its latest round of trading volumes for January 2017, which offered a mixed overview in terms of its performance – overall this was highlighted by a generally upbeat year-to-date (YTD) trend, according to a TAIFEX newsletter.

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TAIFEX offers a wide range of instruments, including foreign exchange (FX), futures, exchange-traded-funds (ETFs) and other options contracts. In terms of total trading volume in January 2017, the exchange notched a total of 12.5 million contracts, vs. 17.0 million contracts traded back in December 2016.

This corresponded to a month-over-month retreat of approximately -26.5 percent. Looking at a yearly interval, TAIFEX’s latest total volumes also dipped by 46.1 percent year-over-year from 23.2 million contracts in January 2016.

Looking closer at its January 2017 figures, the largest components of TAIFEX’s volumes were Index Futures and Index Options – specifically Taiwan futures and options that came in at 13.8 percent and 69.5 percent respectively as a measure of total volumes. Across the board, no instrument managed to overtake its 2016 counterpart in terms of volume.

TAIFEX also saw a lower performance across its exchange-traded-funds (ETF) and FX business. In terms of its ETF figures, TAIFEX disclosed a figure of only 120,560 in January 2017 across its ETF futures, down -32.3 percent year-over-year from 178,014 contracts in January 2016.

Regarding its FX trading, the exchange reported a figure of just 8,535 USD/CNH futures in January 2017, down -9.0 percent year-over-year from 9,381 in January 2016. Additionally, TAIFEX saw 11,995 USD/CNT FX futures in January 2017, down a sizable -83.4 percent year-over-year from 72,202 in August 2015.