ThinkMarkets launches Taiwanese index available on ThinkTrader, MT4, and MT5
“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).
