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KGI
Futures Co. Ltd. (KGI Futures) began operations on December 16, 1996 as a
subsidiary of KGI Securities. Since then, KGI Futures has abided by its
core principles of honesty, integrity, stability and creativity to become a
trusted and well-regarded professional trading service to futures
investors. As of the end of 2008, KGI Futures had market capitalization of
NT$804mn.
Due to the launch of four new products and the
introduction of five new trading related rules by Taiwan Futures Exchange,
Taiwan¡¦s futures market is back on a growth track. The trading volume of
the futures market increased 18.73% in 2008. Meanwhile, the profitability
of KGI Futures¡¦ brokerage business has also grown impressively.
| ¡@ |
Performance |
2008 |
2007 |
Growth |
Note |
| Finance ¡@ |
Pretax P/L (NT$mn) |
281.71 |
123.98 |
127.22% |
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| Ranking |
6 |
8 |
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| Proprietary trading
P/L(NT$mn) |
195.36 |
58.71 |
281.71% |
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| Ranking |
4 |
4 |
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| Brokerage ¡@ |
Total turnover (lots) |
9,695,569 |
7,924,733 |
22.35% |
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| Ranking |
5 |
7 |
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| Domestic turnover (lots) |
9,142,416 |
7,529,983 |
21.41% |
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| Ranking |
5 |
7 |
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| Overseas turnover (lots) |
553,153 |
394,750 |
40.13% |
No. 3 in US and Hong Kong market shares |
| Ranking |
4 |
4 |
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| Institutional Sales market share |
16.85% |
13.67% |
23.26% |
Ranking in the Top 3 |
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| Also in 2008, KGI Futures achieved the following: |
| ¡E |
Execution of corporate management-
Enhanced employee performance and work flow
efficiency; per-employee contribution to gross
profits rose 20% year-on-year |
| ¡E |
Strengthening of cost controls-
Corporate expenditure, excluding expenses associated
with the renaming of Chinese name of KGI Futures,
decreased 8.60% in 2008 |
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In 2009, KGI Futures will continue to grow, expand its
business and increase its profitability.
KGI Futures will enhance its brokerage business focus
this year. Its strategy is to increase trades by focusing on day-trade
customers and developing efficient trading platforms. KGI Futures will set
up a trading system for both the domestic and overseas markets, as well as
establishing a second platform for overseas trading in an effort to provide
an improved trading environment for clients. For institutional sales, KGI
Futures plans to strengthen its DMA business and to develop a block trade
model so as to generate additional income. For principal transactions, KGI
Futures will enhance trading efficiency and develop an overseas futures
trading strategy, thereby boosting the profitability of its trading regime.
Internally, KGI Futures will continue to improve the
efficiency of operations and enforce cost controls so as to strengthen the
quality of revenue. Other plans for 2009 include new businesses such as
Securities Introducing Broker (Securities IB) and futures loans.
Regionally, KGI Futures is developing an Asia-Pacific strategy and
fine-tuning a new business vision to deal with the challenging conditions of
the current financial environment.
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