TAIPEI, Taiwan, The China Post Staff
The futures trading accounts opened with the Taiwan Futures Exchange (TAIFEX) having amounted to 950,000 trading accounts as of the end of July, with the potential to challenge the one million mark by the end of this year.
The TAIFEX has been active in promoting the trading of the single stock options and the smaller contracts on the Taiwan 50 fund.
The TAIFEX launched the futures on Taiwan 50 fund last year, worth NT$500 for each point. It launched the contract with a smaller value in the middle of this year, with each point worth only NT$100. The value of each smaller contract is roughly NT$500,000 each, one fifth the NT$2 million of the contract’s original size.
“It will help boost the transactions on the Taiwan 50 futures,” said TAIFEX’s Wang Der-shan. Despite the bearish sentiment on the stock market these days, Wang is still optimistic on futures trading, saying the futures market is a place where traders can generate profits no matter how the stock market performs.