Published On: Wed, May 14th, 2014

Trading Technologies To Support Launch Of TAIEX Derivatives At Eurex Exchange

Tony C. Fan Taiwan Futures Exchange Chairman

Tony C. Fan Taiwan Futures Exchange Chairman

Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, announced on 13 May that it will introduce support for derivatives based on TAIEX, the Taiwan Stock Exchange’s main stock index. TAIEX derivatives will be available through TT’s existing Eurex Gateway when Eurex and the Taiwan Futures Exchange (TAIFEX) launch the Eurex/TAIFEX Link on May 15.

Through the link, Eurex will list daily futures contracts on TAIEX futures and options products for trading after Taiwanese trading hours, during European and U.S. core trading hours.

According to the Futures Industry Association 2013 Annual Volume Survey, the TAIEX contracts are among the most heavily traded Asian equity index futures and options contracts. The Eurex/TAIFEX Link was established to make these contracts tradable after Taiwanese trading hours.

“We look forward to bringing new trading opportunities to the marketplace through the Eurex/TAIFEX Link and to extending availability of the TAIEX products through the Trading Technologies platform. The large portion of Eurex members who use TT’s system stand to benefit by having immediate access to Taiwan’s most liquid index derivatives contracts when the Eurex/TAIFEX Link launches,” commented Michael Peters, Member of the Eurex Executive Board.

“The Eurex/TAIFEX Link marks a milestone for TAIFEX as it is the first time we are exporting our flagship products overseas and extending our reach to Europe. Both Eurex and TAIFEX have been working intensively on system testing and investor education to ensure a successful launch. I am convinced there will be great potential for this link, and I look forward to more joint initiatives in the near future,” commented Peter Chiu, president of TAIFEX.

Added Jeff Mezger, group product manager, exchange connectivity of Trading Technologies, “The Eurex/TAIFEX Link provides our customers with easy access to the most-traded Taiwanese derivatives and allows them to include exposure to a major Asian index in their strategies. This is especially beneficial to professionals who already trade Eurex products through our platform because they will automatically be able to trade TAIEX contracts on day one with no additional software or fees from TT.”

TT customers will be able to enter and manage trades on TAIFEX products using TT’s full suite of products, including X_TRADER®, the ADL® visual programming platform for automated trading, and the TT API and FIX Adapter API solutions. In addition, customers using TT’s Autospreader® tool will be able to execute through TT’s Strategy Engine (SE) execution servers, which minimize execution latency via proximity-based computing and co-location. The SE line includes highly scalable, high-performance products for algorithmic, synthetic and spread trading.

Firms will be able to access the TAIEX products through internally hosted gateways or through TT’s TTNET™ global hosting solution. TAIFEX access also will be supported by TT’s MultiBroker offering, which was named “Best New Product, Connectivity” at the 2013 FOW Asia Awards, “Best New Technology Product-Trading and Execution” at the 2013 FOW International Awards and “Best Trading and Execution Technology” at the 2014 CTA Intelligence Services Awards. TT also is a finalist in the Informatica 2014 Innovation Awards.

TT recently announced plans to introduce a cloud-based trading platform for professional futures traders. The platform, which TT is calling Nextrader, is a trading ecosystem that enables a streamlined, go-anywhere experience, while also offering significantly faster performance and power where it matters. TT expects to support the Eurex/TAIFEX Link through the new platform, which is scheduled to launch later this year.

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