Taiwan Futures Exchange launches Nifty 50 to tap high growth in India

Taiwan News
Date: 2016/11/07
By: Sophia Yang, Taiwan News, Staff Reporter

The Taiwan Futures Exchange (TAIFEX) has launched three new derivative contracts Monday designed clipboard01to either tap the boom in the India market or offer a greater variety of hedging tools for investors or companies in Taiwan.

The three which made their debut today are Taiwan Dollar-denominated Nifty 50 Futures contract, EUR/USD FX Futures and USD/JPY FX Futures.

TAIFEX Nifty 50 futures is a New Taiwan Dollar denominated contract, which covers top 50 middle and large-size companies in India that altogether account for 64 percent of the National Stock Exchange of India’s (NSE) total free float market cap and provide investors more efficient access to the Indian capital markets. The Nifty 50 is also known as the world’s most traded options contract and has been listed across 17 countries and 19 exchanges globally.    [FULL  STORY]

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