Taiwan Futures Exchange adds euro and yen

With the two new futures contracts, Taifex broadens FX offering to include its first two G10 pairs

Taipei in Taiwan
Taipei, Taiwan: Taifex launched its first two FX contracts in 2015, involving the offshore renminbi

In a bid to expand its nascent offering of foreign exchange instruments, the Taiwan Futures Exchange (Taifex) will begin listing EUR/USD and USD/JPY futures on November 7 – the first G10 currency pairs in its arsenal.

The quarterly contracts will have a size of €20,000 for EUR/USD and $20,000 for USD/JPY. These will be cash-settled on the third Wednesday of the delivery month, with the settlement price determined by the mid-rate of the WM/Reuters intraday spot rates at 2.00pm Taipei, Taiwan time

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