Taiwan's Gre Tai Securities Market Teams up with Reuters to Launch the Government Bond Benchmark Index.Business Editors TAIPEI, Taiwan--(BUSINESS WIRE)--May 3, 2004 Gre Tai Securities Market (GTSM GTSM Gladwin Tensor Strain Meter GTSM Gouge To Sound Metal (welding) GTSM Generalized Ttl Security Mechanism ), Taiwan's over-the-counter (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). ) Exchange and Reuters, the global information company today launched the new 10-Year Government Bond Benchmark Index. GTSM has chosen Reuters as its partner to build the index which will serve as the first market benchmark reference for the government bond sector in the region. From the total trading volumes and average yields derived from the electronic trading  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. system of GTSM, the benchmark government bond index will be calculated using volume-weighted average methodology. This means the weighting of each index constituent will be determined by its traded volume - the more actively traded a bond issue, the higher its index representation. GTSM Chairman Dr. Lee Yung San said: "Introducing the index will support growing efforts to develop domestic financial markets in meeting international standards. At the same time, it will increase the bond market's capitalization and strengthen the foundation of Taiwan's bond market to prepare for globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation . We are very pleased to partner with Reuters, a reputable international company to provide an effective bond trading index and platform with credible market indicators and news for the professional trading community. David Becker, Asia Head of Treasury and Fixed Income said: "GTSM is at the forefront of internationalizing its OTC exchange and we are working closely with them to ensure they have the best resources in content, data and design to succeed. From this index, investors will be able to watch the Taiwan bond market trends and use it as a trading reference in the futures market futures market, a commodity exchange where contracts for the future delivery of grain, livestock, and precious metals are bought and sold. Speculation in futures serves to protect both the developers and the users of the commodities from unfavorable and unpredictable . Ten-year government bonds are the most actively traded issues in Taiwan's bond market, usually accounting for 60%-70% of daily turnover. This index will boost market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. for the exchange in the future." About Reuters Reuters (www.about.reuters.com), the global information company, provides indispensable information tailored for professionals in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , media and corporate markets. Our information is trusted and drives decision making across the globe based on our reputation for speed, accuracy and independence. We have 15,500 staff in 92 countries, including some 2,400 editorial staff in 197 bureaux serving approximately 130 countries, making Reuters the world's largest international multimedia news agency. In 2003, the Reuters Group had revenues of GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 3.2 billion. Reuters and the sphere logo are the trade-marks of the Reuters group of companies. |
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