TAIFEX MiNi-TAIEX Futures

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TAIFEX MiNi-TAIEX futures and TAIEX options trade on the Taiwan Futures Exchange (TAIFEX).

In 2007, TAIFEX MiNi-TAIEX futures and TAIEX options traded 2,964,042 contracts (+68.4 percent YOY) and 92,585,637 contracts (-4.5 percent YOY)[1].



MiNi-TAIEX futures
Exchange Taiwan Futures Exchange
Settlement Cash settled
Contract Size NT$50 x Index
Pricing Unit Need pricing unit!
Tick Value One index point (NT$50)
Contract Months Spot month, the next calendar month, and the next three quarterly months.
Last Trading Day The third Wednesday of the delivery month of each contract.
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A 08:45AM-1:45PM Taiwan time Monday through Friday of the regular business days of the Taiwan Stock Exchange.
Ticker Symbol N/A MTX
Price Limits N/A +/- 7% of previous day's settlement price.
 
MiNi-TAIEX options
Trade Unit One futures contract
Point Value NT$ 50 (One index point)
Tick Value < 10 points: NT$5


>=10 points,<50 points: NT$ 25


>=50 points, <500 points: NT$ 50


>=500 points, <1,000 points: NT$ 250


>=1,000 points: NT$ 500 (< 10 points: 0.1 point


>=10 points,<50 points: 0.5 point


>=50 points, <500 points: 1 point


>=500 points, <1,000 points: 5 point


>=1,000 points: 10 point)

Option Months Spot month, the next two calendar months, and the next two quarterly months
Strike Prices Strike price below 3000 points: 50 index points in spot month and the next two calendar months, 100 index points in the two quarterly months


Strike price between 3000 and 8000 points: 100 index points in spot month and the next two calendar months, 200 index points in the two quarterly months


Strike price between 8000 and 12000 points: 200 index points in spot month and the next two calendar months, 400 index points in the two quarterly months


Strike price above 12000 points: 400 index points in spot month and the next two calendar months, 800 index points in the two quarterly months

Exercise Style European
  No Open Outcry Electronic
Trading Hours N/A 08:45AM - 1:45 PM Taiwan time Monday through Friday of the regular Taiwan Stock Exchange business days
Ticker Symbol N/A N/A
Price Limits N/A +/- 7% of previous day's closing price of the underlying index

Notes

Resources

Taiwan Futures Exchange Products

References

  1. Highlights of Annual Trading Volume. Taiwan Futures Exchange.