On July 26, 2016, the Taiwan Futures Exchange (TAIFEX) obtained Commission Certification for its TOPIX Futures contract from the United States Commodity Futures Trading Commission (CFTC). The TAIFEX TOPIX Futures contract can now be offered and sold to U.S. persons. The TOPIX Futures contract is denominated in TWD and tracks the performance of Tokyo Stock Price Index (TOPIX), one of the most well-known Japanese stock indices. Launched on December 21, 2015, it is TAIFEX’ first foreign equity index futures contract.
In addition to the Commission Certification for TOPIX Futures contract, TAIFEX has also been granted 6 No-Action Letters for its equity index futures from the CFTC since 2004, including the TAIEX Futures, MiniTAIEX Futures, Taiwan Stock Exchange Electronic Sector Index Futures, Taiwan Stock Exchange Finance Sector Index Futures, Taiwan Stock Exchange Non-Finance Non-Electronics Sub-Index Futures and Taipei Exchange Capitalization Weighted Stock Index Futures.
Data Sources: TAIFEX | Effective Date: July 26, 2016