Page 33 - Taiwan Futures Exchange 2019 Annual Report

在法人推廣方面，2019年期交所透過與異業結盟方式，結合壽險公會、投信業者，辦理大型 研討會及論壇，並透過拜會法人機構、辦理法人培訓課程、協同期貨商向法人推廣，及舉辦第5屆 「期貨鑽石獎」等，促進法人運用期貨與選擇權避險及增益。近三年新增銀行在內共302家法人機 構參與期貨市場;2019年法人機構在交易匯率類、國外股價指數類、商品類等三類商品日均量皆成 長，分別較2018年成長148%、71%及81%。 期交所2019年於穩健中求發展，為精益求精、接軌國際，持續針對商品開發、制度革新投入心 力，並期望透過建置我國店頭衍生性商品集中結算機制，強化國際競爭力，滿足市場參與者的各項 需求，為臺灣期貨市場開創新局，注入源源不絕的活力與動能。 以下就2019年期貨市場發展概況，說明如后。 I ntroduction The Taiwan futures market recorded total trading volume of 260,765,482 contracts and average daily trading volume of 1,077,543 contracts in 2019. With market volatility declining (the average amplitude and volatility of spot-month TAIEX Futures contracts in 2019 amounted to 82 points and 10.9%, respectively, down 20 points and 6.1 percentage points from the previous year), TAIFEX's annual trading volume fell 15.36% and average daily volume slipped 13.61% from 2018's levels. However, growing appetite for trading in the after-hours trading session caused trading volumes in that session to rise to nearly 30% compared with same products traded in the regular session, increasing 7.13 percentage points to 29.8% in 2019 from 22.67% in 2018. While the market's full-year trading volume pulled back from 2018's level, it remained stable above the 260-million-contract level and marked its sixth year above the 200-million-contract threshold. Breaking down by product, trading volumes in our core TAIEX Futures, Mini TAIEX Futures, TAIEX Options, and Equity Futures products declined, while those in our recently introduced foreign equity index futures (including TOPIX Futures, DJIA Futures, S&P 500 Futures, and Nasdaq-100 Futures) were a bright spot for growth, rising nearly 60% from the previous year's level to 2,683,663 contracts in 2019. In the area of new product launches, TAIFEX introduced Nasdaq-100 Futures and TPEx 200 Futures on 1 October 2019 to meet the needs of domestic investors interested in trading US and domestic technology stocks. These two products achieved their initial volume targets, posting 2019 average daily trading volumes of 1,185 and 649 contracts, respectively. TAIFEX also sought to develop index products and partnered with the Taiwan Index Plus (TIP), a subsidiary of the Taiwan Stock Exchange, to jointly launch the Taiwan Strategic Indices on 16 December. These new indices include the TIP TAIFEX TAIEX 29