TWSE Extends First TAIEX Index Futures to Osaka Exchange

The Taiwan Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term (TWSE) and the JPX have expanded their existing partnership to include the listing of new TOPIX futures and exchange-traded-funds (ETFs) tracking the TOPIX and Nikkei 225 indices in Taiwan.

The listing launch is important as it constitutes an inaugural futures contract that tracks the TWSE’s Capitalization Weighted Stock Exchange Index (TAIEX) internationally. The instrument has debuted on the Osaka Exchange (OSE), a subsidiary of the Japan Exchange Group, Inc. (JPX), representing the latest Bridge Bridge The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service their clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Met The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service their clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Met Read this Term between the Japanese and Taiwanese exchanges.

ETFs have been on the rose globally, with both Europe and the US seeing sustained levels of growth in its trading. Asia as well has proven to be an amicable realm for ETFs, with the latest ETFs tracking the TOPIX and Nikkei 225 being met with a healthy appetite by investors.

Being the first futures contract to track the TAIEX that’s listed on a foreign stock exchange is noteworthy as it helps Japanese investors gain exposure to the Taiwanese markets. The TAIEX index is comprised of all listed common shares traded on the TWSE and is the benchmark index for the Taiwan securities market.

The cross-border introduction of the futures at the OSE looks to augment the global profile of the TAIEX index, whilst allowing Japanese investors to familiarize themselves about Taiwan’s securities and futures markets. The listings mandate is the latest agreement that dates back to a Memorandum of Understanding (MoU) in 2000 between Japanese and Taiwanese market operators.

Earlier this month, the TWSE revamped its leadership structure, adding Jun-ji Shih as its chairman as well as former TPEx Deputy Chairman Chi-hsien Lee as its president. The TWSE’s Chairman Jun-ji Shih joined the exchange after serving in several regulatory roles including a stint as the Commissioner of the Fair Trade Commission, Chairman of the Financial Supervisory Commission, and Minister without Portfolio of the Executive Yuan.