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PUTTING DOWN ROOTS, GROWING UP STRONG
and administration rules to improve our issuing, oversight, and trading systems; revised rules to strengthen corporate financial- and business- oversight mechanisms; and energized the domestic capital market by obtaining a 50% reduction in the transaction tax on day trades.
TPEx has worked diligently to diversify its product line as a means of broadening the capital market. In 2017, our ongoing effort to promote the development of the international bond market and deepen services within the bond market caused trading volume to soar to the highest level recorded since domestic securities firms were first authorized to trade foreign bonds on their own behalf.
TPEx also built an OTC derivatives Trade Repository to strengthen oversight of OTC derivatives products and create sound and comprehensive market rules for those products. With trading volumes on our interest rate swap (IRS) trading system continuing to grow, TPEx in 2017 launched an IRS early-settlement system in keeping with international trends in derivatives oversight, and promoted developments in our domestic swap execution facility (SEF) and in portfolio compression.
TPEx Annual Report 2017
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