Times of India: November, 2016
Mumbai: National Stock Exchange (NSE) on Monday said that The Taiwan Futures Exchange (TAIFEX) has launched futures contracts that will track NSE's nifty 50 exchange, christened TAIFEX Nifty 50. It is a New Taiwan Dollar (TWD) denominated contract and the first Indian equity index futures product to be introduced in Taiwan, a release from NSE said.
"TAIFEX Nifty 50 futures provide market participants with more efficient access to the Indian capital markets," the release said. "This product intends to serve as a valuable instrument for investment exposure on Indian companies as well as for hedging and for taking advantage of opportunities in inter-market arbitrage."
Chitra Ramkrishna, MD & CEO, NSE, said that NSE's Nifty 50, which represents one of the fastest growing economies in the world, is an inevitable choice for global investors who want to invest in India. "Going forward, investors from Taiwan can take a view on the top 50 Indian companies representing multiple sectors in India by investing in TAIFEX Nifty 50 futures," Ramkrishna said.