IG Japan Ceases TAIEX-Related Trading Instruments

IG Securities, a prominent player in electronic trading and the Japanese subsidiary of IG Group is set to discontinue trading in instruments associated with the Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX). The removal includes Contracts for Difference (CFDs) on stocks linked to TAIEX and TAIEX-related knockout options.

As of November 29, 2023, IG Japan will halt the acceptance of new orders for these specific instruments. Existing positions, however, will still be allowed to remain open. A more significant change will occur on Friday, December 29, 2023, at 1:59 p.m. Japan time, where all positions related to these instruments must be closed.

Should any positions remain unsettled beyond the closing time for settlement orders, their pricing will be based on the rates as of 2:00 p.m. Japan time on December 29, 2023, or the first updated price available thereafter.

Furthermore, on the same date, Friday, December 29, 2023, all existing orders in relation to these instruments will be deleted.

This decision by IG Japan to cease trading in TAIEX-related instruments reflects a significant shift in their trading offerings and is expected to impact traders and investors involved in these financial products.

About IG Japan and its Regulation

IG Japan is a part of the IG Group, a well-known worldwide electronic trading firm. IG Group operates in many countries and provides a diverse variety of financial products such as Contracts for Difference (CFDs), spread betting, and other derivatives. IG Securities has been catering to Japanese traders and investors in Japan.

The Japanese Financial Services Agency (FSA), the major regulating authority for the Japanese financial sector, oversees IG Japan. The FSA sets stringent restrictions to preserve the country's financial markets' stability and integrity. These policies attempt to safeguard investors' interests while also ensuring the financial sector's overall security.

Various variables, including market circumstances, regulatory constraints, and the company's strategic objectives, are likely to have affected the decision to remove TAIEX-related trading products from its platform.

As with any financial institution, IG Japan is continuously adapting its product offerings to align with changing market dynamics and regulatory expectations.

Investors and traders who have been utilizing TAIEX-related instruments through IG Japan should take note of the mentioned dates and make necessary adjustments to their trading strategies to accommodate these changes. It is advisable for affected individuals to consult with IG Japan's customer support or their personal financial advisors for guidance on how to manage their positions and investments in light of this development.