On June 30, 2016, India Index Services & Products Limited (IISL), a National Stock Exchange (NSE) group company and Taiwan Futures Exchange (TAIFEX) announce their cooperation plan to introduce Nifty 50 futures based on the leading equity index of NSE to Taiwan investors. The Nifty 50 futures denominated in New Taiwan Dollar (TWD) are scheduled to be launched on TAIFEX in the fourth quarter of 2016, which marks a key milestone for both the exchanges.
TAIFEX has entered into a licensing agreement with IISL, an NSE group company, which owns and manages the Nifty 50 index. The Nifty 50 index, an equity index comprising of securities listed on NSE, is the most widely used Indian benchmark to track the performance of Indian stock market. It includes 50 companies and represents approximately 66% of the free float market capitalization of the companies listed on NSE.
Data Sources: TAIFEX | Effective Date: June 30, 2016