Focus Taiwan
Date: 2016/09/24
By: Tien Yu-pin and Frances Huang

Taipei, Sept. 24 (CNA) The Taiwan Stock Exchange (TWSE) is planning to hold a contest in which brokerages will compete with one another to see which one gets the most orders placed though Application Programming Interface (API) mechanisms.

The TWSE, which operates Taiwan’s main stock market, said the competition is expected to encourage securities houses to provide their clients a streamlined process for placing trade orders through an API mechanism.

A total of 15 securities firms here have adopted the API mechanism since it was put in place in Taiwan in 2015 as part of their efforts to speed up transactions, the TWSE said.

The API, which is a software-to-software interface that helps online data transmission, serves as a bridge between investors and brokerage computer systems.     [FULL  STORY]