TAIFEX receives CFTC no-action letter for GreTai Securities Market Capitalized Weighted Stock Index Futures

TAIFEX receives CFTC no-action letter for GreTai Securities Market Capitalized Weighted Stock Index Futures

01/11/2011

The Taiwan Futures Exchange (TAIFEX) received a No-Action Letter from the US Commodity Futures Trading Commission (CFTC) dated October 24, 2011, permitting the offer and sale in the US of a TAIFEX futures contract based on the GreTai Securities Market Capitalized  Weighted   Stock   Index,  a broad-based, free-float, market-capitalization-weighted composite index composed  of  highly  capitalized  and  actively  traded  stocks  listed  on the GreTai Securities Market.

CFTC has examined the GreTai Securities Market Capitalized Weighted Stock Index Future and determined that it meets CFTC’s criteria for products being offered  or  sold  in  the  US.  CFTC  therefore  will  not  recommend  any enforcement  action  if   these  futures  are   offered  and  sold  in  the  US. Accordingly, US-registered futures commission merchants (FCMs) are now permitted to accept orders for this product.

TAIFEX  has  also  been  granted  No-Action  Letters  for  its  TAIEX  Futures, Mini-TAIEX Futures, Electronic Sector Index Futures, Finance Sector IndexFutures and Non-Finance Non-Electronics Sub-Index Futures products.