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Securities Firms

Securities firms of brokerage business for trading and exchanging beneficial certificates of funds

In response to the innovation of financial technology, the competent authority has approved the Securities firms of brokerage business for trading and exchanging beneficial certificates of funds." Taipei Exchange has been authorized by the competent authorities to formulate the " TPEx Rules Governing the Operation by Securities Firms of Brokerage Business for Trading and Exchanging Beneficial Certificates of Funds" and other related regulations . Securities firms apply for this item For business, an application should be submitted to TPEx . After preliminary review by the TPEx, it will be forwarded to the competent authority for approval. Investors use the information platform set up by securities firms for trading and exchanging beneficial certificates of funds to buy and sell funds or exchange funds with each other in cash or funds. Its features are:

  1. Provide a new fund transaction model: The trading or exchange price of the fund is calculated based on the most recently announced net asset value by the fund company. At the time of trading, investors can transact based on the net asset value, providing an alternative trading mode beyond the traditional method of subscribing or redeeming based on the net asset value yet to be announced on the trading day.
  2. Improve the liquidity of fund transactions: Because buying and selling and exchanging transactions are transactions between investors, the time for investors to complete the delivery will be shortened from the 3-7 days required to process the fund company through the traditional sales agency to On the same day or the next business day, thus enhancing the liquidity of fund investments.

In conclusion , the opening of this business will provide investors with more diversified investment channels and expand the business scope of securities firms.