CSFB launches futures brokerage in Taiwan

14 Mar 2005

Credit Suisse First Boston (CSFB) has launched a futures and options broking business in Taiwan, joining recent entrant JP Morgan into the market (see FO Week Vol 9 No 37).

CSFB's operation will deal in Taiwan Futures Exchange (Taifex) contracts for qualified foreign and domestic clients....

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“The fact is, an awful lot of people would be very happy for all business to be transacted over the counter. Transparency is good for the consumer, but privacy is better for the banks and the brokers. Wherever there’s a grey area, it’s possible to make money.”

European consultants predict frantic lobbying during the Mifid review.