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The market microstructure and relative performance of Taiwan stock index futures: a comparison of the Singapore exchange and the Taiwan futures exchange

✍ Scribed by Yu Chuan Huang

Book ID
116482245
Publisher
Elsevier Science
Year
2004
Tongue
English
Weight
352 KB
Volume
7
Category
Article
ISSN
1386-4181

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## Abstract Both the Singapore Exchange (SGX) and the Taiwan Futures Exchange (TAIFEX) offer future contracts based on Taiwan's stock‐market indices. TAIFEX reduced the transaction tax from 5 basis points to 2.5 basis points on May 1, 2000. Hence, empirical tests are performed on the differences in

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