Taifex appoints new chairman and president

Taiwan’s annual futures trading volume of 92.7 million lots made it the 18th most active market globally in 2005. The exchange expects annual trading volume to exceed 100 million contracts in 2006. In 2005, its Taiwan Stock Exchange Capitalization Weighted Stock Index (Taiex) option was ranked third worldwide in terms of annual trading volume, and also set an all-time single-day high of 940,000 lots on May 5, 2006.

In line with its goal to attract foreign participation, Taifex introduced index options for the electronics and finance sectors last year. Earlier this year, it launched US-dollar denominated gold futures contracts, allowed foreign investors to engage in trading for non-hedging purposes and also introduced the system of omnibus accounts.