View source for TAIFEX GreTai Securities Market Stock Index Futures

{{Random_adbox}}
TAIFEX GreTai Securities Market Stock Index futures trade on the [[Taiwan Futures Exchange]] (TAIFEX).  The underlying index, [[GreTai Securities Market Stock Index]], is the index consisting of 529 stocks<ref>{{cite web|url=http://www.otc.org.tw/en/stock/iNdex_info/index/consti.php|name=GTSM Constituent Stocks|org=GreTai Securities Market|date=July 24, 2008}}</ref> traded on the [[GreTai Securities Market]], an OTC securities market in Taiwan, established in 1994<ref>{{cite web|url=http://www.otc.org.tw/en/about/introduction/history.php|name=History|org=GreTai Securities Market|date=July 24, 2008}}</ref>.   

Over the first 60 trading days in 2007, TAIFEX GreTai Securities Market Stock Index futures and options traded 21,231 and 187,967 contracts, respectively<ref>{{cite web|url=http://www.taifex.com.tw/eng/eng_home.htm|name=Highlights of Annual Trading Volume|org=Taiwan Futures Exchange|date=July 24, 2008}}</ref>.

<!-- Fill in values in between the = and | symbols for the parameters below. -->
<!-- All comments like this one can be deleted... make sure you get the part at the line's end, too! -->

{{Contract
|exch     = Taiwan Futures Exchange <!-- Exchange name or acronym-->
|cname    = TAIFEX GreTai Securities Market Stock Index <!-- Contract name, like Feeder Cattle, 100 oz Gold, S&P 500 Index -->
|commod   = Stock Market Index <!-- Simple name of the commodity, e.g. Cattle, Gold, Stock Market Index -->
|ctype    = Financial <!-- Type of commodity, e.g. Agricultural, Financial, Weather, Emissions -->
|settle   = C <!-- C for cash settled, B for both cash and physical, P or leave blank for physical -->
|months   = Spot month, the next calendar month, and the next three quarterly months. <!-- Contract months traded -->
|fnd      =  <!-- Rules for determining First Notice Date, or blank if none -->
|ltd      = The third Wednesday of the delivery month. <!-- Rules for determining Last Trading Day -->
|unit     = NT$4,000 x futures contract price. <!-- Unit of commodity in contract, e.g. 50,000 pounds -->
|ptdesc   =  <!-- Description of one contract point, e.g. 0.0001 cents per pound -->
|ptval    = One index point (NT$4,000) <!-- Dollar (or other currency) value of a single contract point -->
|tickPt   =  <!-- Number of points per trading tick, eg 2.5 -->
|tickVal  = 0.05 index points (NT$200) <!-- Dollar (or other currency) amount of trading tick -->
|elect    = Y <!-- Y if an electronic trading session exists; leave blank if none -->
|elHours  = 08:45AM-1:45PM Taiwan time Monday through Friday of the regular business days of the GreTai Securities Market. <!-- Electronic trading hours; leave blank if none -->
|elLimit  = +/- 7% of previous day's settlement price. <!-- Price limits on electronic trading session; leave blank if none -->
|elSym    = GTF <!-- Ticker symbol for electronic platform; leave blank if none -->
|outcry   =  <!-- Y if an open outcry session exists for trading; leave blank if electronic only -->
|ooHours  =  <!-- Open outcry trading hours; leave blank if none -->
|ooLimit  =  <!-- Price limits on open outcry trading session; leave blank if none -->
|ooSym    =  <!-- Ticker symbol for open outcry session; leave blank if none -->

<!-- The following section is for option data -- leave blank if options are not relevant -->
|oed       = The first business day following the last trading day <!-- Rules for determining Option Expiration Day -->
|options   = Y <!-- Any value if option data is being provided -->
|opUnit    =  <!-- Trade unit -- leave blank unless it's something other than "One futures contract" -->
|opMonths  = Spot month, the next two calendar months, and the next two quarterly months <!-- List of option months -->
|opPtdesc  =  <!-- description of point value, e.g 0.5 cents per bushel, dollars per ounce -->
|opPtval   = NT$1000 per index point <!-- dollar (or other currency) value of one market point -->
|opTickPt  =  <!-- option tick size in points -->
|opTickVal = < 0.5points: 0.005 points (NT$5)

>=0.5 points,<2.5points: 0.025 points (NT$ 25)

>=2.5 points, <25 points: 0.05 points (NT$ 50)

>=25 points, <50 points: 0.25 points (NT$ 250)

>=50 points: 0.5 points (NT$ 500)
 <!-- option tick size in currency -->
|opExercise= European  <!-- Exercise style, American, European or leave blank if not relevant -->
|opElect   = Y <!-- Any value if electronic trading is used -->
|opEHours  = 8:45am-1:45pm on regular business days of the GreTai Securities Market
 <!-- trading hours for electronic platform; leave blank if none -->
|opELimit  = +/- 7% of previous day's closing price of the underlying index <!-- Daily price limit for electronic platform; leave blank if none -->
|opESym    = GTO <!-- Ticker symbol for electronic session -->
|opOutcry  =  <!-- Any value if open outcry is used -->
|opOHours  =  <!-- trading hours for open outcry session; leave blank if none -->
|opOLimit  =  <!-- Daily price limit for open outcry session; leave blank if none -->
|opOSym    =  <!-- Ticker symbol for open outcry session -->
|opStrike  = * Strike price below 150 points: 2.5 index points in spot month and the next two calendar months， 5 index points in the two quarterly months. 

* Strike price between 150 points and 400 points: 5 index points in spot month and the next two calendar months， 10 index points in the two quarterly months.  

* Strike price between 400 points and 600 points: 10 index points in spot month and the next two calendar months， 20 index points in the two quarterly months. 

* Strike price above 600 points: 20 index points in spot month and the next two calendar months， 40 index points in the two quarterly months. 
 <!-- Strike price interval description -->
}}
== Notes ==

== Resources ==
[http://www.taifex.com.tw/eng/eng_home.htm Taiwan Futures Exchange Products]

== References ==
<references />