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Article 46
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A securities firm engaging in negotiated trading of security tokens with its customers on its trading platform shall use New Taiwan dollars as the currency for making price quotes and performing settlement on the platform.
The price quotes under the preceding paragraph are nominal quotes, and the securities firm shall provide two-way, buy and sell, quotes. The trade price shall be negotiated between the securities firm and the customer.
A securities firm shall provide reasonable price quotes based on its professional judgment, and shall efficiently adjust demand and supply in the market depending on the market situation, and may not give a quote that deviates from a reasonable price, thereby impairing the formation of fair prices.
When making price quotations for and engaging in negotiated trading of security tokens that it issued itself, a securities firm shall pay special attention to reasonableness of price, and shall adopt in its internal control system a basis for the determination of price quotes and principles for negotiated trades.
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