Taiwan to launch more forex futures trading in November -exchange official

Mega Financial Holding Co

17/10/2016 11:45

TAIPEI, Oct 17 (Reuters) - Taiwan will begin trading two 
additional foreign exchange futures contracts next month, the 
euro against the U.S. dollar and the U.S. dollar against the 
yen, as a way to expand the island's currency derivatives 
market, a senior exchange official said Monday. 
    The two new currency futures contracts will be launched on  
November 7 and the move will give firms in Taiwan, many of them 
trade-oriented, more hedging tools, Liu Len-yu, chairman of the 
Taiwan Futures Exchange, told Reuters. 
    The banking and securities arms of Mega Financial Holding Co 
 2886.TW ; the securities arm of Yuanta Financial Holdings Co 
 2885.TW ; KGI Securities, part of China Development Financial 
Holding Corp  2883.TW ; and Capital Futures Corp  6024.TWO  will 
be market makers for the two new contracts, Liu said.  
    The contract size for the EUR/USD forex futures will be 
20,000 euros, while the contract size for the USD/JPY forex 
futures will be $20,000, according to exchange plans.  
    The exchange currently offers futures trading in the U.S. 
dollar against the Chinese yuan.  
 
 (Reporting by Roger Tung; Writing by J.R. Wu; Editing by Greg 
Mahlich) 
 ((jr.wu@thomsonreuters.com; +886 2 2500 4881; Reuters 
Messaging: jr.wu.thomsonreuters.com@reuters.net)) 
 
Keywords: TAIWAN MARKETS/