September 5, 2017 / 9:41 AM / 10 months ago

Taiwan Futures Exchange to end futures, options trading on Eurex in November -sources

TAIPEI, Sept 5 (Reuters) - The Taiwan Futures Exchange will terminate trading of Taiwan stock futures and Taiwan stock index options on the Eurex exchange in November, two people familiar with the matter told Reuters.

The trading for Eurex Taiwan future contracts and Taiwan stock index options on the Eurex exchange will terminate on Nov. 15, because the Taiwan exchange’s provision of after-hours trading has replaced the function of trading on Eurex, the people said.

Trading for both Taiwan products on Eurex started in May 2014. Since the Taiwan exchange’s after-hours trading began in May this year, trading volume on the Eurex exchange has dropped, one of the people said.

Ending trading on Eurex should not have any major impact on investors, the person said.

The Eurex Exchange has expressed its understanding and support for the situation to the Taiwanese side, the second person said.

Currently, 11 futures products can be traded on the Taiwan Futures Exchange after-hours until 5 a.m. on trading days.

When contacted by Reuters, a Taiwan Futures Exchange spokesperson confirmed the exchange had held talks on the matter with the Eurex Exchange, but did not elaborate on timing.

A Eurex official confirmed to Reuters the exchange will terminate trading after discussions with the Taiwanese side.

The people familiar with the matter declined to be identified as the matter has not been publicly announced. (Reporting by Roger Tung; Writing by Jess Macy Yu; Editing by Christopher Cushing)

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