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Taifex to launch semiconductor futures contract
Only exchange outside US to list futures contracts on four major US equity indexes
The Asset 21 Nov 2023

The Taiwan Futures Exchange (Taifex), in partnership with CME Group and Nasdaq, is launching on December 18 the Taifex PHLX Semiconductor Sector Futures (SXF), which will complement the existing Taifex Nasdaq-100 Futures, Taifex Dow Jones Industrial Average Futures and S&P 500 Futures.

This makes the Taifex the only exchange outside the United States to list futures contracts on four major US equity indexes.

The semiconductor industry serves as a pivotal catalyst for global technological advancement, and the PHLX Semiconductor SectorTM Index is one of the most renowned and widely tracked indexes in the technology sector.

The index constituents, including Nvidia, AMD, Micron, ASML and Intel, among 30 US tech giants, have strong ties with leading electronic and technology companies in Taiwan, ranging across a wide spectrum of investment themes, such as artificial intelligence, high-speed computing, the metaverse and autonomous driving.

The SFX is denominated in New Taiwan dollars, eliminating foreign exchange risks. The contract value is around US$9,500, making it a small contract with trading flexibilities. The trading hours also cover the major US and European market hours, enabling traders to promptly respond to market changes.

Tzu-Hsin Wu, Taifex’s chairman, says: “Traders can incorporate the SXF into their trading strategies alongside other Taifex products, such as the Taiwan Semiconductor 30 Futures, Electronics Sector Futures and TSMC Futures to actively participate in the flourishing semiconductor investment trend.”

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