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Item
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Description
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Underlying Index
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Taiwan Stock Exchange Capitalization Weighted Stock Indexx (TAIEX)
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Ticker Symbol
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TMF
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Trading Hours
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‧Trading days are the same as the regular business days of the Taiwan Stock Exchange (TWSE)
‧Regular trading session: 08:45AM-1:45PM Taiwan time. 08:45AM-1:30PM on the last trading day for the delivery month contract
‧After-hours trading session: 03:00PM on trading day of TWSE- 05:00AM of the following day; no after-hours trading session on the last trading day for the delivery month contract
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Contract Size
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NTD 10 x Micro TAIEX Futures Price
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Delivery Months
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Spot month, the next two calendar months, and the next three quarterly months.
Upon expiration of near month, new contract month will be listed for trading beginning on the next regular trading session.
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Daily Settlement Price
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The daily settlement price is the same as that for the TAIEX futures
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Daily Price Limit
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+/- 10% of daily settlement price of preceding regular trading session
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Minimum Price Fluctuation
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One index point (NTD 10)
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Last Trading Day
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The third Wednesday of the delivery month
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Final Settlement Day
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The same day as the last trading day
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Final Settlement Price
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The average price of the underlying index disclosed within the last 30 minutes prior to the close of trading on the final settlement day. The method used to calculate the final settlement price is prescribed by TAIFEX.
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Settlement
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Cash settlement
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Position Limits
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TX, MTX, TMF and MXFFX positions are combined according to their respective contract sizes and are subject to TX position limits.
Any investor's aggregate open same-side positions in the Contract for various delivery months at any time shall not exceed the limit standards announced by TAIFEX.
‧Institutional investors may apply for an exemption from the above limit on trading accounts for hedging purpose.
‧These position limits are not applicable to omnibus accounts, with the exception of undisclosed omnibus accounts, which accounts are subject to the limits for institutional investors.
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Margin
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‧The trading margin and the maintenance margin may not be lower than the publicly announced TAIFEX standard for the initial margin and the maintenance margin.
‧The initial margin and maintenance margin announced by the TAIFEX shall be based on the clearing margin calculated according to the Taiwan Futures Exchange Corporation Methods and Standards for Receipt of Clearing Margins, plus a percentage prescribed by TAIFEX.
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