Taiwan Central Bank Relaxes Rules for Securities Brokers to Handle FX Products
- The central bank's decision will benefit the nation's crowded securities sector through offering new revenue streams.
Under draft revisions issued on the website of Taiwan's central bank Monday, the country’s securities firms will be allowed to handle spot and derivatives products denominated in the Taiwan new dollar against foreign currencies in a bid to expand the industry's scope of services.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong
Attempting to strike a balanced stance, the central bank set out more relaxed requirements for the sale of foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term derivatives, but gave no timetable for adoption of the rules. The regulator allowed the island’s local brokers to handle Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term business for the first time back in 2013.
The central bank's decision will benefit the nation's crowded securities sector through offering new revenue streams to sustain profitability amid lower trading volumes and head-to-head competition in Taiwan’s domestic stock market.
Taiwan is actually the most fragmented brokerage market across all the Asian countries, which managed earlier to consolidate the markets. But as the island’s exports are being pummelled by the global slowdown, the government’s overall strategy takes the opportunity to consolidate and strengthen its financial services industry.
Under draft revisions issued on the website of Taiwan's central bank Monday, the country’s securities firms will be allowed to handle spot and derivatives products denominated in the Taiwan new dollar against foreign currencies in a bid to expand the industry's scope of services.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong
Attempting to strike a balanced stance, the central bank set out more relaxed requirements for the sale of foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term derivatives, but gave no timetable for adoption of the rules. The regulator allowed the island’s local brokers to handle Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term business for the first time back in 2013.
The central bank's decision will benefit the nation's crowded securities sector through offering new revenue streams to sustain profitability amid lower trading volumes and head-to-head competition in Taiwan’s domestic stock market.
Taiwan is actually the most fragmented brokerage market across all the Asian countries, which managed earlier to consolidate the markets. But as the island’s exports are being pummelled by the global slowdown, the government’s overall strategy takes the opportunity to consolidate and strengthen its financial services industry.