Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Monday, 9 July 2018, 18:30 HKT/SGT
Share:
    

Source: Taiwan Futures Exchange
TAIFEX Expands Commodity Product Portfolio with Debut of Brent Crude Oil Futures

TAIPEI, Taiwan, July 9, 2018 - (ACN Newswire) - The Taiwan Futures Exchange (TAIFEX) has launched its first energy futures contract - Brent Crude Oil Futures. Based on the world's leading oil benchmark, ICE Brent Index, TAIFEX's new product is cash settled, Taiwan Dollars (TWD) denominated, and features small-sized contracts, which lower the barrier of entry for investors seeking to mitigate risks in the international oil markets.

The listing was marked by a launching ceremony attended by guests from its international partner - ICE Futures, as well as representatives from regulators and the futures industry.

Dr. Len-Yu Liu, Chairman of TAIFEX said, "We are extremely pleased to work with ICE Futures Europe for launching Brent Crude Oil Futures in Taiwan. Our new product allows investors to pay their margins directly in TWD without any currency conversion, and greatly facilitates the trading and hedging needs of investors."

TAIFEX's Brent Crude Oil Futures contract is 200 barrels (31,797.46 liters), and available for trading in both regular and night session (8.45am to 1:45pm and 3.00pm to 5.00am of the next day).

"This allows investors to respond to policy changes and price movements in volatile energy markets, which occur mostly in the European or US time zones. Similar to TAIFEX's DJIA Futures' performance at our night session, the new product also has great potential for growth, and will further link Taiwan's capital market with the pulse of international finance", said Dr. Liu.

On 3 July 2018, TAIFEX also hosted a Forum on the Overlook of Taiwan's Capital Market, which bought together all major players in the Taiwan futures market. Guest speaker, Mr. Lucas Schmeddes, President and COO of ICE Futures Singapore, joined Mr. Allen Lin, Senior Vice President of TAIFEX, to discuss trends in the global energy market.

About Taiwan Futures Exchange
Taiwan Futures Exchange (TAIFEX), established in 1997, provides a wide range of futures and options products in equity indices, interest rates, equities, commodities and currencies. TAIFEX has continuously enhanced its technology and services in trading, clearing and settlement to ensure a fair and orderly marketplace. With a vision to be a world-class exchange befitting the fast-evolving marketplace, TAIFEX is poised to extend its global reach and stands as a primary derivatives exchange in Asia. For further details, please visit TAIFEX website at www.taifex.com.tw.

Full press release, with Appendix, can be viewed at http://www.acnnewswire.com/clientreports/598/TAIFEX.pdf


July 9, 2018 18:30 HKT/SGT
Topic: Press release summary
Sectors: Daily Finance, Daily News, Exchanges, Local Business
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Latest Press Releases
The Toyota Yaris WRC Takes on the Twisting Turns of Corsica  
Mar 22, 2019 19:38 HKT/SGT
NEC Completes Software-Defined WAN Trial with University of Kuala Lumpur  
Mar 22, 2019 19:23 HKT/SGT
Niche-Tech Group Limited Announces 2018 Annual Results  
Mar 22, 2019 19:17 HKT/SGT
Blockpass and Corporate Options Plan eKYC Integration for Isle of Man Companies  
Mar 22, 2019 15:00 HKT/SGT
Eisai's Initiation of Phase III Clinical Trial of BAN2401 in Early Alzheimer's Disease  
Mar 22, 2019 10:37 HKT/SGT
Eisai to Present Latest Research on Alzheimer's Disease / Dementia Pipeline at the 14th International Conference on Alzheimer's & Parkinson's Diseases  
Mar 22, 2019 10:23 HKT/SGT
Hitachi: AI Technology for Quantifying Physical Load and Providing Effective Feedbacks Using Sensor Suit Devices  
Mar 22, 2019 08:02 HKT/SGT
Get EOS Airdrop Token Every Hour Is Now Possible on Infinito App Square with PRA CandyBox!  
Mar 22, 2019 06:00 HKT/SGT
Get EOS Airdrop Token Every Hour Is Now Possible on Infinito App Square with PRA CandyBox!  
Mar 22, 2019 06:00 HKT/SGT
29% of Indonesian Consumers Use Pirated TV Boxes, Survey Finds  
Mar 22, 2019 05:45 HKT/SGT
More Press release >>
 Events:
More >>
 News Alerts
Copyright © 2019 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: