By: Tien Yu-pin and Frances Huang
Taipei, May 11 (CNA) A move by the Taiwan Stock Exchange (TWSE) to disclose trading information on the local equity market has increased the chances for investors to make deals, according to the exchange.
The TWSE, which operates the local main board, said that about 20 percent to 30 percent of the orders placed by investors are made based on trading information provided by the exchange, indicating that the data is useful for investors in mapping out their trading strategies.
Since February 2012, the TWSE has started to provide trading information about the best deal-match, through the exchange’s deal-matching simulation mechanism, which is based on buying and selling orders placed in the five minutes before the market closes at 1:30 p.m. Monday through Friday.
In addition to the information available through the simulation system, the TWSE has also postponed the closing time for any stock that appears volatile based on the simulation system, in a bid to allow investors more flexibility to adjust their buying and selling orders. [FULL STORY]