Fimat has opened an 11-person brokerage operation in Taiwan following record volumes and continued deregulation at Taiwan Futures Exchange (Taifex).
Fimat's Taiwan operation will execute and clear futures and options for both global institutions seeking access to the Taiwan market and local FCMs wishing to access its global network.
The firm joined CSFB and JPMorgan in opening futures brokerages over the past year. Man Financial and Refco, through an equity stake in Polaris Refco Futures, have had a presence in the country for several years.
Emmanuel...