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).

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

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