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Chapter Content


Regulations Governing The Use Of Trading Information  CH

Amended Date: 2013.01.28 
Categories: Information Operations
   Chapter I General Principles
Article 1    These Regulations are specially adopted pursuant to Article 10, paragraph 2 of the Operating Rules of the Taiwan Stock Exchange Corporation, for purposes of effectively administering the use of trading information and promoting openness of trading information.
Article 2    Matters not provided for herein shall be governed by other applicable acts and regulations and the applicable bylaws, circulars, and public announcements of the Taiwan Stock Exchange Corporation ("the TWSE").
Article 3    Terms used herein are defined as follows:
  1. "Competent authority" means the Financial Supervisory Commission.
  2. "User applicant" means any securities firm, futures commission merchant, telecommunications business, information company, news media institution, cable television operator, satellite radio and television enterprise, or Internet firm applying to use trading information pursuant to these Regulations, or any other enterprise applying with the consent of the TWSE.
  3. "Trading information" means any information developed or transmitted by the TWSE relating to the centralized securities exchange market, and any derivative information thereof.
  4. "Electronic display" means a single display screen on which technical charts or indexed search results with respect to securities trading information can be displayed at one's option.
  5. "Television wall" means a combination of television screens used to display securities market price information in whole or in part.
  6. "Real-time information and delayed information" mean, respectively, trading information transmitted during market trading hours and trading information transmitted with delays of 20 minutes or more relative to real-time information.
  7. "After-market information" means information on a given day's trading transmitted after trading hours the same day.
  8. "Direct connection and indirect connection" mean, respectively, direct connection to the TWSE's computer systems by a user applicant to obtain trading information, and connection by a user applicant through another user applicant to obtain trading information indirectly.
  9. "Subscriber" means any person who receives the trading information relayed by a user applicant.
Article 4    With the exception of the places of business of securities firms, the following facilities, equipment, and activities are not allowed in any place where the trading information of the TWSE will be used:
  1. Electric display panels or ticker-style displays for securities trading information.
  2. Terminals used for bidding.
  3. Signing of trading consignment contracts, accepting consignments for securities trading, or settlement of securities trades.
  4. Engaging in business activities similar to those of securities firms.
Article 5    The trading information provided by the TWSE is the property of the TWSE. Where the trading information, software, or hardware provided by the TWSE is the subject of copyright, trademark, or patent under the law, then those rights and other related interests belong to the TWSE. Upon discovery of plagiarism, unauthorized use, or any other unlawful use of the information, the TWSE may duly initiate legal action and claim damages in accordance with law.
Article 6    (deleted)