Taifex eyes a golden future

Taifex

Trading volume on the Taiwan Futures Exchange (Taifex) has grown massively since its establishment in 1997. In 2005, trading volume surged to 92.7 million contracts for the year as a whole, up from 59.2 million contracts in 2004 and less than 300,000 contracts in 1998. According to data for January-October 2005 from the Futures Industry Association (FIA), Taifex was the world's 18th biggest derivatives exchange in that period - leaping from 57th in 1998 - and the fourth largest in Asia