Taiwan OTC Exchange (TWO)

What Is the Taiwan OTC Exchange (TWO)?

The Taiwan OTC Exchange (TWO) is an alternative securities exchange in Taiwan with lower listing criteria than that the Taiwan Stock Exchange (TWSE). For companies making a initial public offering (IPO), listing on the TWO can be a step toward getting listed on the TWSE. Initial funding of the non-benefit TWO was given by the Taiwan Securities Association, the TWSE Corporation, and the Taiwan Depository and Clearing Corporation.

Grasping the Taiwan OTC Exchange (TWO)?

The Taipei Exchange (TPEx), formerly the Gre Tai Securities Market (GTSM), is the foundation dedicated to serving over-the-counter (OTC) bond trading in Taiwan. It was laid out in Nov. 1994. The exchange's base camp are situated in the Zhongzheng District of Taipei City. In Feb. 2015, the Gre Tai Securities Market changed its name to the Taipei Exchange.

The TPEx sent a weighted average stock index a year after its beginning. The index tracks the performance of all stocks that have been listed on the TWO for over one month. The exchange trades stocks (counting emerging stocks), bonds (counting government bonds, convertible bonds and international bonds) and derivatives.

The TPEx means to advance economic development by supporting government economic policies and Taiwan's nearby endeavors. The TPEx creates products, supports market turnover, and takes part in exchanges and cooperative programs with other capital markets. The TPEx gives financial products and trading services to the international market.

History of the TPEx

Over-the-counter (OTC) trading of securities in Taiwan started in Feb. 1988 under the management of the Taipei Securities Dealers Association (the ancestor of the present Taiwan Securities Association). In 1993, the Ministry of Finance (MOF) wanted a more robust capital market with better OTC trading capabilities and set up an OTC center as a non-benefit institution to advance the development of the OTC market in Taiwan. The TPEx was officially settled by the Securities and Exchange Act on Nov. 1, 1994, and took over OTC trading.

The TPEx Today

The TPEx has cultivated emerging and innovative industries, creative industries, small and medium ventures, and miniature undertakings by giving a channel to public listing and capital raising. The TPEx has turned into a multi-practical market that offers unified trading and over-the-counter negotiated trading.

The exchange is open for trading meetings from 9 a.m. to 3 p.m. also, post-market meetings from 1:40 p.m. to 2:30 p.m. on the entire days of the week aside from Saturdays, Sundays, and occasions.

Starting around 2020, the number of companies listed on Taiwan's OTC market is 782.