Credit Suisse First Boston (CSFB) has launched its derivatives broking business in Taiwan. The bank will trade futures and options listed on the Taiwan Futures Exchange (Taifex) for qualified foreign and domestic clients.Alexander Lin, managing director and head of equity derivatives trading at CSFB, says: “This business plays an important role in CSFB’s equity derivatives strategy in the Pacific region. We expect the listed derivatives market in Taiwan to continue to grow rapidly as the use of these products for hedging and investment purposes becomes more widespread.”
Taifex is the fifth largest futures exchange in Asia after Korea, Shanghai, Japan and India. Taifex trades stock-related futures and options, as well as commercial paper interest rate futures and bond futures.
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