With the trend to globalization and undergone the 2008 Financial Storm, the capital markets worldwide have faced ever changing and unprecedented challenges. Most major futures exchanges have therefore adjusted their structures, changed operation models, acquired their competitors, or partnered with other derivative exchanges. Through these efforts, we know that global futures markets have been marching on an overall revolution.
Only through reinforcement of its own advantages, setting a long term strategy, basing on its strength in product research and market promotion, can one ensure its competitiveness in the world.
This research focuses on the development of the worldwide futures industry, the positioning and strategics of major exchanges, utilizing tools such as FIVE FORCE model, SWOT model to analyze TAIFEX¡¦s current operation conditions and core value, so as to raise the efficiency and value of TAIFEX. It also refers to the experiences and strategies of other major futures exchanges, setting the long term goal for TAIFEX, in order to gain its competitiveness under the trends of globalization and electronic trading.
The research concluded that TAIFEX has currently faced the predicament of products centralization and saturation of domestic demand. Products centralization can be resolved through the continuous launch of more new products. However, the success of the new products lies upon the domestic demand. After careful evaluation, among all the new products that under research that might be launched, currency futures and stock futures can meet the requirements of the local markets. The interest futures is unlikely to be launched in the foreseeable future under the current Central Bank¡¦s policy. Whereas the stock futures has the advantages of simplicity in trading and easy promotion, it might raise the issue of substitution with the the securities loans business. Therefore, this research suggests that TAIFEX should put more efforts on the market promotion and enhancement of the depth and broadness of the existing products. Given that the current market is saturated, other than reinforcing its leading position in the Taiwan market, TAIFEX should collaborate with other futures exchanges and strengthen its cooperation with the Chinese futures industry, so as to open a new era into the future and fulfill its goal of economic efficiency.
| Identifer | oai:union.ndltd.org:NSYSU/oai:NSYSU:etd-0707109-200643 |
| Date | 07 July 2009 |
| Creators | Tsai, Ming-Liang |
| Contributors | Shyu, So-de, Lieu,Der-ming, Huang,Jen-Jsung |
| Publisher | NSYSU |
| Source Sets | NSYSU Electronic Thesis and Dissertation Archive |
| Language | Cholon |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | http://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0707109-200643 |
| Rights | restricted, Copyright information available at source archive |
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