Source: Calyon Financial
Calyon Financial now offers access to the Taiwan Futures Exchange (TAIFEX), becoming the first foreign-owned broker to establish an omnibus account with the Exchange.
The TAIFEX, one of the world's fastest growing exchanges, recently introduced omnibus accounts which provide for efficient cross-border trading and investing. Calyon Financial's omnibus account allows the firm's clients to trade TAIFEX products without disclosing their identity or trading strategies to the marketplace.
The TAIFEX, which ranked No. 18 in futures and options contracts traded and increased volume by 57% during 2005, also recently changed its restriction on foreign investors, allowing trading for non-hedging purposes.
"We're pleased to offer our global customers access to the TAIFEX," said Richard Ferina, Chairman and CEO of Calyon Financial. "We are encouraged by the changes the exchange has made and see significant opportunities for continued growth."