Reported about 1 year ago
The highly anticipated Taiwan Futures Exchange mini-TAIEX futures (Micro TAIEX) will be launched on July 29, 2024, providing traders with more flexible and diverse trading options to enhance convenience and broaden participation in the futures market. The Micro TAIEX, a smaller version of the TAIEX futures (large TAIEX), offers a contract value and initial margin amount 1/20 of the large TAIEX and 1/5 of the mini TAIEX, with a contract multiplier of NT$10 per point. This design allows traders to enter trades in batches or add to their positions incrementally, optimizing asset allocation efficiency. Additionally, the Micro TAIEX aims to meet the increasing demand for diverse and flexible trading tools in Taiwan's thriving financial market, improve market liquidity, provide effective risk management tools, and enable traders to engage in spread trading or other strategic trades. The launch of the Micro TAIEX signifies an important milestone in the Taiwan futures market, with the Taiwan Futures Exchange committed to observing market response and further enhancing product design and trading settlement mechanisms to offer a secure and improved trading environment.
Source: YAHOO