Published On: Mon, Oct 31st, 2011

CFTC Allows Taiwan GreTai GTEX Futures in the US

The Commodity Futures Trading Commission’s (CFTC’s) Office of General Counsel announced October 25 that it issued a no-action letter on October 24, 2011, permitting the offer and sale in the United States of Taiwan Futures Exchange’s futures contract based on the GTEX.

The GTEX is a broad-based, free-float, market-capitalization-weighted composite index of highly capitalized and actively traded stocks listed on the board of the GreTai Securities Market, a non-profit organization modeled after the NASDAQ. The GTEX index provides a performance benchmark for the Taiwanese over-the-counter securities market. As of September 12, 2011, the total adjusted market capitalization of the GTEX was approximately US $52 billion.

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