JPMorgan has announced that it became a clearing member of
Taiwan Futures Exchange (Taifex) on 22 February, a move it said
made it the first foreign broker to receive that status from
The bank was also the first overseas outfit to become a
trading member of Taifex when it did so in December 2004 (see
FO Week Vol 10 No 2). The firm was subsequently
followed into the market by others, including Man Financial,
CSFB and Fimat, which have direct Taifex membership but have
not upgraded to become clearing members.
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