ThinkMarkets launches Taiwanese index available on ThinkTrader, MT4, and MT5

Rick Steves

“This index is perfect for traders seeking exposure to the Taiwanese stock market and the broader Asian region.”

ThinkMarkets has announced the introduction of the Taiwan Stock Exchange Weighted Index (TAIEX), allowing clients to gain exposure to Taiwan’s most popular listed companies under a single index CFD.

Now available to trade on all ThinkMarkets’ platforms, including ThinkTrader, MT4, and MT5, TAIEX is a market capitalization-weighted index, with the weight of each company in the index determined by its current share price. Some of the most prominent companies listed in the index include Taiwan Semiconductor, Hon Hai Precision, and MediaTek.

“Continually grow and expand the selection of instruments we offer to our clients”

Faizan Anees, Director and Co-founder at ThinkMarkets, said: “We’re delighted to expand our indices offering with the launch of TAIEX. This index is perfect for traders seeking exposure to the Taiwanese stock market and the broader Asian region. One of our main goals at ThinkMarkets is to continually grow and expand the selection of instruments we offer to our clients, and the introduction of TAIEX is a further testament to this.”

The product offering expansion is part of the growth strategy at ThinkMarkets, which also saw the launch of ThinkCopy and the integration of Acuity Trading’s Signal Centre while the brokerage firm plans to go public via SPAC merger in Canada.

In June, ThinkMarkets launched ThinkCopy to allow less-versed users to automatically copy the trades of experienced traders on the platform, thus creating a P2P asset management solution. In return, the copied trader earns a decent share of the follower’s equity profit just for automatically replicating the trades.

ThinkMarkets has made significant strides in 2023, including the recently-announced plans to go public through a merger with Canadian blank-check firm FG Acquisition Corp. The merger will value ThinkMarkets, which generated $62 million in revenue in 2022, at $160 million on a pre-money basis.

Once the transaction closes sometime in the second half of 2023, the combined company will operate as ThinkMarkets Group Holdings Limited and is expected to be listed on the Toronto Stock Exchange.

ThinkMarkets has also partnered with Acuity Trading to add the AI pioneer’s Signal Centre tools directly into the brokerage firm’s trading ecosystem. The integration will enable traders to save valuable research time by receiving up to 40 high-quality, real-time trading signals each day, compiled by experienced technical analysts and innovative AI-based market data analysis.

Established in 2010, ThinkMarkets offers over 4,000 financial instruments across forex, indices, commodities, equities, cryptocurrencies, and more.

ThinkMarkets has 450,000 global clients and holds 9 regulatory licenses from the Australian Securities and Investment Commission (ASIC), Cayman Island Monetary Authority (CIMA), Cyprus Securities & Exchange Commission (CySEC), Financial Conduct Authority, UK (FCA), Financial Services Authority, Seychelles (FSA), Financial Services Conduct Authority, South Africa (FSCA), Financial Services Commission, Mauritius (FSC), Japan Financial Services Agency (JFSA) and the New Zealand Financial Markets Authority (FMA).

Read this next

Industry News

“Unconscionable conduct”: ASIC fines National Australia Bank $2.1m for overcharging customers

NAB faces a $2.1 million penalty for unconscionable conduct, as the Federal Court rules the bank knowingly overcharged customers, and took over two years to rectify the situation.

Industry News

SEC charges $15 million Ponzi scheme targeting Mexican-American community

Armando Gutierrez Rosas purportedly intended to invest these funds in U.S. real estate and mining operations in Mexico, assuring investors of monthly returns as high as 10 percent. Instead, Gutierrez operated a Ponzi scheme, diverting investor funds to cover his personal expenses, which notably included the acquisition of a $2.5 million mansion in Texas.

Digital Assets

Chainlink launches cross-chain interoperability protocol on Arbitrum One

Chainlink and Arbitrum join forces to bring the Chainlink Cross-Chain Interoperability Protocol (CCIP) to Arbitrum One, offering Web3 developers a powerful tool to build secure and interconnected applications across blockchains.

Executive Moves

STT appoints Brian Saldeen as Senior Risk & Margin Product Manager

Sterling Trading Tech welcomes Brian Saldeen to spearhead the development of their Risk & Margin offering, bolstering their cutting-edge solutions in the capital markets.

Industry News

Altruist eliminates brokerage account fees for advisors who choose their custody

Altruist, the modern custodian for independent RIAs, takes a bold step by eliminating portfolio accounting software expenses for all Altruist brokerage accounts, potentially saving advisors tens of thousands annually.

Retail FX

Exploring India’s Forex Market Timings With Insights From Experts

Traders Union experts identify the most profitable Forex trading windows for Indians as between 6.00-12.00 GMT and 18.00-0.00 GMT, emphasizing the importance of timing and market conditions in a rapidly evolving Indian financial landscape.

Retail FX UK doubles revenues, profit in 2022

The UK business of multi-licensed online brokerage group has reported its financials for its new fiscal year ending December 31, 2022. The group managed to best most of last year’s performance metrics, having grown its net income, and FY 2022 turned into the best revenue since it was founded.

Digital Assets

Alchemy goes legit in US with Money Transmitter License

Cryptocurrency payment gateway Alchemy Pay has marked a pivotal moment in its global expansion strategy by securing a crucial payment license in the United States. The company has obtained a Money Transmitter License in the state of Arkansas, joining the ranks of crypto giants like Coinbase and Jack Dorsey’s Block.

Digital Assets

eToro crypto business gets CySEC license

eToro has received approval from CySEC to operate as a crypto asset services provider, providing a regulatory stamp for the company’s digital assets and cryptocurrencies business in Cyprus and Europe.