Taipei City, T'ai-wan (PressExposure) February 12, 2013 -- Taiwan Options and Futures Exchange (TWOFX) today announced the launch of two new incentive programs designed to support trader education and offer more cost-effective access to international customers trading 33.2 oz mini-sized gold and 1,000 oz mini-sized silver futures contracts, as well as 100 oz. gold and 5,000 oz. silver futures contracts on TWOFX The Global Incentive Program and the International Trader Incentive Program are both in effect today.
"Supporting seamless and cost-effective international access to our gold and silver futures contracts is an important part of TWOFX' growth strategy and reflects demand for gold and silver futures liquidity throughout the nearly 20 hour daily trading session available on our exchange," said Jennifer Kan, Vice President of Precious Metals Marketing at TWOFX "The Global Incentive Program and the International Trader Incentive Program highlights the collaborative efforts of the Exchange and global FCMs to educate new clients on the benefits of trading precious metals futures on TWOFX Both the Global Incentive Program and the International Trader Incentive Program demonstrate our commitment to supporting our broker partners and continuing to improve the quality of our market."
The Global Incentive Program is structured to provide rebates to Futures Commission Merchants (FCMs) who facilitate trades from clients new to TWOFX precious metals futures. The Global Incentive Program will provide participants benefits for six months.
The International Trader Incentive Program is designed to provide firms and individuals trading free or discounted fees for a six month period when they trade TWOFX precious metals futures. Initially, International Trader Incentive Program is intended to accelerate the entry of a diverse global pool of traders at proprietary trading firms, arcades, banks and hedge funds into the liquid TWOFX precious metals suite.
TWOFX provides a fully electronic market for mini-sized 33.2 oz. gold and 1,000 oz. silver futures, 100 oz. gold futures, 5,000 oz. silver futures, and options on 100 oz. gold and 5,000 oz. silver futures.
Taiwan Options and Futures Exchange (TWOFX) operates leading Asian futures, options, forex and commodities exchange and offer derivatives trading on over 2,000 underlying equity, ETF, index, and FX products.