TWCX's New Equity Derivatives Trading System Goes Live

TWCX's (www.twcx.org) long-awaited new equity derivatives trading system went live. The new system will be particularly appealing to brokers, fund managers, market makers and other institutional investors as it brings with it new functionality and thus greater flexibility. End Quote

(1888PressRelease) May 01, 2014 - "It has taken Taiwan Commodity Exchange (www.twcx.org) longer than anticipated to get the new system implemented. However, since this was a total replacement of the old system we inherited, we had to be absolutely certain that we'd catered for the needs of the equity derivatives market." said Cheng Ying-Git, Director of Trading at TWCX.

The new system has been specifically designed for the Taiwan equity derivatives market. The TWCX's stature as one of the largest Single Stock Futures (SSF) market in Asia in terms of number of contracts traded and the recognition it received recently by the international derivatives fraternity for developing the most innovative product of the year, namely TTX Options, are good examples.

"The flexibility of the new system allows us to introduce even more product innovation and hence should bring increased liquidity to the market, something which any world class exchange strives to achieve," added Cheng. It also brings greater visibility to the market with live on-screen prices for SSFs and Single Stock Options being available to the market for the first time. Traders will also see the narrowing of spreads as a result of the increased functionality of the new technology.

"As the 28th largest derivatives exchange in Asia by volume, we've always recognized that one of the ways to remain one of the world's leading exchanges is to ensure that we use technology to our advantage. This system replacement is a case in point. The system is not only cost efficient but has applications which have already drawn the attention of other pre-eminent exchanges around the world. "

About TWCX
Taiwan Commodity Exchange (TWCX) (http://www.twcx.org) is a world class commodities exchange based in Taipei. It has operated as a market place for the trading of financial products to connect buyers and sellers in four different markets: commodities, equities derivative, foreign currency trading and interest rate products.

TWCX is one of the top exchanges in the world in terms of Market Capitalization. TWCX is the market of choice for local and international investors looking to gain exposure to the leading capital markets in Southeast Asia and the broader Asian continent.

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