Five Taiwanese futures brokers have been admitted to the Eurex this month, as the international derivatives exchange expands its network in Asia, a statement on the exchange’s Web site said.
The five companies are Concord Futures Corp (康和期貨), KGI Futures Co (凱基期貨), Polaris MF Global Futures Co (寶來曼氏期貨), SinoPac Futures Corp (永豐期貨) and Ta Chong Futures Co (大眾期貨), Eurex said in the statement on Tuesday.
“We are very pleased to welcome the first local brokers from Taiwan at Eurex, and we look forward to providing them with new trading opportunities enabling them to diversify their trading strategies,” Michael Peters, a member of the Eurex executive board, said in the statement.
Eurex, the largest futures exchange in Europe and the third-biggest in the world, said the addition of the five Taiwanese members helped expand the exchange’s Asian network to 19 members across five countries.
Owned by Deutsche Boerse AG, Eurex said trading volume originating from its Asia-based members doubled in the first half of the year from the same period last year.
Around the globe, Eurex now serves 420 members in 27 countries, it said.
The addition of five Taiwanese brokers into Eurex came after the exchange introduced the “Trader Training Program” for professional traders in Taiwan in July to help local traders understand the setup and functions of European financial markets and the efficient use of exchange-traded derivatives.
The exchange said at the time that it would offer similar training to traders in Singapore, Hong Kong and Sydney later this year and next year.
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