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TAIFEX to Replace Trading System Equipment by Year End

The Taiwan Futures Exchange (TAIFEX) will replace its legacy trading system by the end of 2022 to improve service delivery, market capacity and to enhance trading efficiency, according to an official statement.

The exchange said that it plans to leverage innovative technologies such as artificial intelligence and blockchain software to improve its settlement and monitoring systems, along with its transaction management.

TAIFEX also plans to diversify its future product offerings and provide buyers access to overnight trading as investors seek to hedge risk amid the volatility caused by the pandemic.

In 2022, TAIFEX will add more mini-sized contracts to cater to buyers and expand its dynamic price stabilization measures to include electronics and financial sector index options by the end of H1 2022, and ETFs in the second half of the year.

The Taiwanese exchange will offer a centralized settlement mechanism for TWD interest rate swaps and non-deliverable forwards and explore measures to strengthen risk control operations of future dealers.

“Looking forward to the future, TAIFEX will continue to develop and reform commodities and systems, create a high-efficiency, low-cost, fair, just and open trading environment, attract all kinds of traders to participate in Taiwan futures market transactions, and uphold social and enterprise sustainability principles,” the TAIFEX said.

In 2021, TAIFEX set a record with a 14.9 percent year-on-year increase in its annual trading volume.