Eurex, the derivatives exchange, said today it has admitted the first five exchange members based in Taiwan to its international distribution network. The new members, Concord Futures Corp., KGI Futures Co., Polaris MF Global Futures Co., SinoPac Futures Corp., and Ta Chong Futures Co. were connected this month.
The admission of the new, additional members from Taiwan increases the number of Eurex’s Asian member firms to 19 across five countries. Trading volume originated by Eurex’s Asia-based members has doubled in the first half of 2010 year-on-year.
“We are very pleased to welcome the first local brokers from Taiwan at Eurex, and we look forward to providing them with new trading opportunities enabling them to diversify their trading strategies. The recently signed Economic Cooperation Framework Agreement (ECFA) between Taiwan and China should further support the Taiwanese economy and its capital market”, stated Michael Peters, member of the Eurex executive board, in the release. “Through the connection to our global distribution network, our new customers now have direct and reliable access to our well-diversified product suite and our international trading network,” Peters further stated. With the new admitted members, Eurex now serves around 420 members in 27 countries.
In July 2010, Eurex introduced a “Trader Training Program” for professional traders in Taiwan, as part of its “Training & Education Initiative Asia”. The program is the first of its kind in Taiwan and is targeted towards new professional traders, according to Eurex. Significant parts of the training are focused on the setup and functioning of the European financial markets and the efficient use of exchange-traded derivatives. Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio