The investor must have had a brokerage account for at least three full months and must have had at least 10 trades executed within the past year, provided that these restrictions do not apply to investors that have opened a margin account or to professional institutional investors.*.To engage in day trading, an investor must meet the following requirements: Investor Eligibility:Ĭonsidering that day trading of securities on the spot market involves risk, it is open only to investors with a certain level of trading experience. Day Trading Definedĭay trading of securities means trading, by the normal settlement method, in which, by agreement of the investor and the securities broker, with respect to a TWSE (or GTSM) listed security designated by the competent authority, after a buy order or sell order for the security is executed on the cash (spot) market, an equal quantity of the security is offset through the same brokerage account within the same trading day, and the settlement of funds is conducted based on the price difference after the offsetting of the opposite trades. Introduction to the Day Trading System I. To provide investors with a complete range of hedging instruments and trading mechanisms, beginning from 30 June 2014, investors will be permitted to engage in long (buy first, sell later) and short (sell first, buy later) day trading of securities on the spot market.įor a further introduction to day trading of securities and related laws and regulations, official orders, and explanatory materials, please visit the websites of the Taiwan Stock Exchange Corporation (TWSE) and the GreTai Securities Market (GTSM): Operational Rules Governing Day Trades of Securitiesĭeregulation of Day Trading of Securities on the Spot Market General Overview. Procedures for Handling Shortfalls in Securities Deliverable in Day Trading.
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