Taiwan Futures Exchange (Taifex) is working on a dual
strategy to attract US traders to the exchange and open its
market to foreign firms.
Taifex, which is owned by domestic banks, FCMs, securities
firms and exchange related organisations, held a seminar for
Chicago Board of Trade (CBoT) members about its stock index and
interest rate futures and options products last Wednesday. The
effort is Taifex's initial push into the US market following
the receipt of CFTC approval to offer some of its contracts in
the US. It is also part of Taifex's cooperation with CBoT under
its memorandum of understanding signed in August 2003. Taifex
will subsequently help promote CBoT products in Taiwan.
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