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Taiwan Stock Exchange cuts disposition period, speeds trade matching
The Taiwan Stock Exchange (TWSE) announced that, starting 10 August, the notice‑and‑disposition period for securities will be halved. First‑time and repeat dispositions will be limited to five business days, down from ten, and securities flagged for excessive day‑trading will see the period reduced from twelve to seven days.
The matching interval for affected stocks will also be accelerated to roughly every two minutes, replacing the previous 5‑minute or 20‑minute cycles. Price‑difference thresholds were revised: for stocks closing above NT$1,000, a six‑day price‑range of NT$300 triggers the rule, and for prices above NT$2,000 the standard rises by NT$150 for each NT$1,000 band (e.g., NT$300 for NT$1,000‑2,000, NT$450 for NT$2,000‑3,000).
The new framework applies immediately to securities already under disposition; those meeting the shortened period will be released on 10 August. The TWSE said the changes aim to improve market efficiency, protect investors and reduce volatility, and it will review the regulations every six months. The OTC market (Taipei Exchange) will implement the same three reforms on the same date.
Entities
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] For stocks closing above NT$2,000, the price‑difference standard increases by NT$150 for each NT$1,000 band. finance.technews.tw · www.peoplenews.tw · news.cnyes.com
- [○ 1 SOURCE] The Taipei Exchange (OTC market) will implement the same three reforms on 10 August. news.cnyes.com
- [● 3 SOURCES] The new disposition rules will be applied immediately to securities already under disposition on 10 August; those meeting the shortened period will be released. finance.technews.tw · www.peoplenews.tw · news.cnyes.com
- [● 3 SOURCES] For securities with high day‑trading ratios, the disposition period will be reduced from 12 business days to 7 business days. finance.technews.tw · www.peoplenews.tw · news.cnyes.com
- [● 3 SOURCES] The Taiwan Stock Exchange will review the notice‑and‑disposition regulations every six months. finance.technews.tw · www.peoplenews.tw · news.cnyes.com
- [● 3 SOURCES] The matching interval for affected stocks will be changed to approximately every two minutes, replacing the previous 5‑minute or 20‑minute cycles. finance.technews.tw · www.peoplenews.tw · news.cnyes.com
- [● 3 SOURCES] When a stock’s closing price exceeds NT$1,000 and its six‑day price range is at least NT$300, the disposition rule applies. finance.technews.tw · www.peoplenews.tw · news.cnyes.com
- [● 3 SOURCES] Effective 10 August, the notice‑and‑disposition period for securities will be reduced from 10 business days to 5 business days for first and second dispositions. finance.technews.tw · www.peoplenews.tw · news.cnyes.com