Eleven domestic financial institutions have registered as members of a new over-the-counter (OTC) derivatives clearing business that the Taiwan Futures Exchange (TAIFEX) launched on Monday last week to bolster the resilience of the financial system and align with international supervision trends, the exchange said.
The 11 financial institutions are CTBC Bank (中信銀行), Yuanta Commercial Bank (元大銀行), Taipei Fubon Commercial Bank (台北富邦銀行), Bank SinoPac (永豐銀行), SinoPac Securities Co (永豐金證券), E.Sun Commercial Bank (玉山銀行), Taiwan Cooperative Bank (合庫銀行), Cathay United Bank (國泰世華銀行), Chang Hwa Commercial Bank (彰化銀行), Shin Kong Commercial Bank (新光銀行) and Bank of Taiwan (臺灣銀行), the exchange said.
Over-the-counter transactions are deals
2021/01/14 17:52 TAIFEX Chairman Wu Tzu-hsin speaks at Thursday s press conference. TAIFEX Chairman Wu Tzu-hsin speaks at Thursday s press conference. (Taiwan News photo) TAIPEI (Taiwan News) Taiwan s futures exchange posted a record-breaking level of trading in 2020 thanks to a strong hedging demand from market participants, with up to 23 percent of new trading accounts owned by investors under 30 years old, the Taiwan Futures Exchange (TAIFEX) said Thursday (Jan. 14). To seek growth while maintaining market stability, TAIFEX will offer free online courses and tools this year to improve financial literacy on futures and options trading as well as the risk perceptions of young investors so they can avoid gambling on big payoffs or highly speculative trades.