Historical Futures Prices: SGX MSCI Taiwan Index Futures, January 2014. With a GDP of an estimated US$466.1 billion in 2012, Taiwan is the world’s 20th largest economy, according to the International Monetary Fund. The biggest contributor to its GDP, at 68.6%, was the services sector, followed by Industry (manufacturing, construction, utilities, mining and quarrying) and agriculture at 29.5% and 1.6% respectively. With the signing of the cross-straits Economic Cooperation Framework Agreement (ECFA), Taiwan’s domestic-oriented industries are expected to face positive impact in the next five years.
Taiwan's stock market, with a market capitalization of US$808 billion (equivalent to NTD23,243 billion) as of 01 July 2011, is expected to undergo structural changes under the influence of an increasingly relaxing cross-strait relationship as well as a rapid expansion in China's domestic demand.
International trade remains an important position in Taiwan’s economy. Its top three trading partners are China, Japan and US. Given its integration with the world major economies, Taiwan stock market faces potential major market movement with increasing global uncertainties.
SGX MSCI Taiwan Index Futures are therefore important, versatile and cost-effective risk management instruments for international institutional and private investors in the Taiwan stock market.
The SGX MSCI Taiwan Index Futures offers the following advantages:
* Good liquidity
* Small bid-offer spreads
* Low transaction costs
* Electronically traded
* Overlapping of trading hours with the Taiwan Stock Exchange
* Extended trading hours
* Availability of cross product margins offset
* CFTC-approved for offer and sale in US
Contract Size: US$100 x SGX MSCI Taiwan Index Futures price. Minimum Price Fluctuation: 0.1 index points (equivalent to US$10).