Timeline

Year Date Event
1961 Oct 23 Taiwan’s first regulated exchange comes into existence and is named “The Taiwan Stock Exchange”.
1962 Feb 9 The Taiwan Stock Exchange officially opens for business.
1976 Sept 1 Clearing and settlement systems move to electronic systems.
1982 May 20 TWSE becomes founding member of the East Asian Oceanian Stock Exchanges Federation (EAOSEF), now known as the Asian and Oceanian Stock Exchanges Federation (AOSEF).
1988 Sept 29 All stock trading migrates to the semi-automated Computer-Assisted Trading System (CATS).
1989 Oct 23 TWSE becomes the 29th member of the Fédération Internationale des Bourses de Valeurs (FIBV), now known as the World Federation of Exchanges (WFE).
1993 Aug 2 TWSE listed stocks switch to the Fully Automated Securities Trading (FAST) system.
Aug 2 The real-time market surveillance system goes live and bolsters measures against illegal trading activity.
Oct 25 TWSE joins the International Organization of Securities Commissions (IOSCO) as an affiliate member.
1994 Jan 5 Day trading is permitted in margin accounts.
1995 Feb 4 A book-entry settlement system is adopted for all transactions.
1996 May 28 TWSE launches the Joint Responsibility System Clearing and Settlement Fund to ensure the safety of trading and settlement systems.
1997 Jun 5 TWSE becomes a formal member of the Association of National Numbering Agencies (ANNA).
Sept 4 TWSE launches its first call warrants.
Oct 17 Online trading is made available to investors to increase ease of order entry.
1998 Jan 8 ASE Test Ltd., a Singaporean company, issues TWSE’s first listed TDR.
Mar 19 TWSE becomes the second exchange in the world to earn the ISO 9001 certification for quality management systems.
2001 Jan 2 Trading hours are extended by an hour and a half (9:00-13:30).
2002 Jul 1 TWSE eliminates the “two-tick” up/down tick rule. TWSE adopts the intraday volatility interruption, a five-minute closing call auction, and post-matching order book disclosure of the standing best prices and volumes.
Oct 29 TWSE introduces its narrow-based index co-compiled with international index provider FTSE, the TWSE FTSE Taiwan 50 Index.
2003 Jun 30 The Taiwan 50 Index is licensed to a security investment trust company for the creation of Taiwan’s first exchange traded fund (ETF).
Jun 30 The Securities Borrowing and Lending System (SBL) is established to facilitate the borrowing/lending of securities among institutional investors.
Jul 9 Put warrants are listed for the first time on TWSE.
2004 Feb 26 TWSE becomes the first exchange in the world to earn the ISO27001/BS7799 certification for implementing information security management systems.
Jul 14 The first warrants issued over the Taiwan Top 50 ETF are launched.
2005 Mar 1 The price fluctuation limit is waived hereafter for IPO shares during the first five days of trading.
Mar 10 TWSE lists its first Real Estate Investment Trust (REIT).
2006 Apr 1 The second generation of the real-time market surveillance system goes live.
2008 Feb 24 The trading system’s remote backup center is enabled.
Apr 18 TWSE becomes a member of the Global Association of Central Counterparties (CCP12).
2009 Jan 5 TWSE rolls out the Warrant Liquidity Provider Program.
Feb 2 TWSE adopts the T+2 DVP settlement system to reduce risk and increase efficiency at settlement.
May 19 TWSE lists its first index warrant.
Aug 14 TWSE’s first two listed cross-border ETFs (Hang Seng H-share Index ETF and Hang Seng Index ETF) are introduced to the Taiwan market.
Aug 17 TWSE’s first Feeder ETF (linked to the CSI 300 ETF) is introduced onto the Taiwan market.
2010 Mar 30 TWSE promulgates the adoption of XBRL filing standards for listed companies starting with the 1HY10 financial reports
May 18 The US-based Integrated Memory Logic Limited (IML) becomes the first foreign company to list on TWSE.
Jun 28 Warrant trading migrates to a continuous trading system.
Sept 8 TWSE lists 29 warrants issued over foreign underlying stocks or indices.
Sept 27 TWSE’s FIX Protocol Platform goes online.
Dec 8 TWSE lists its first offshore ETF tracking China A-shares.
Dec 30 TWSE and index provider RA jointly launch the co-compiled TWSE RAFI Taiwan Employment Creation 99 Index.
2011 Feb 24 TWSE becomes the fourth exchange in the world to earn the ISO20000 IT Service Management certification.
Jul 8 TWSE lists first 55 callable bull/bear contracts (CBBCs).
Sept 26 The first QFII ETF investing directly into China A-shares is listed on TWSE.
2012 Feb 20 TWSE implements new market transparency measures and displays the virtual highest bid and lowest offer during the closing session (1:25 pm to 1:30 pm).
Oct 14 TWSE convenes the 52nd Annual Meeting of the World Federation of Exchanges (WFE).
2013 Jul 1 The call auction order matching interval is shortened to 15 sec, down from 20 sec.
Sept 9 A pilot program is launched permitting dealers to trade at the price bands within the daily fluctuation limit. The pilot program is made permanent on March 9, 2014.
Sept 23 The uptick rule waiver is expanded to all securities eligible for margin.
Oct 25 The Corporate Governance Center is established.
2014 Jan 6 The Buy-First-Sell-Later scheme is introduced as part of the first round of day trading measures. Eligible securities include constituents of the Taiwan 50, the Taiwan Mid-Cap 100, and the GreTai 50 Indexes.
Feb 24 The call auction order matching interval is shortened to 10 sec.
Mar 10 The next generation trading system goes live and has 3 times the original volume capacity and a latency of 5 ms, down from 50 ms.
May 5 TWSE and TPEx launch the co-compiled Formosa Index, an index offering broad-based exposure to the entire Taiwan market.
Jun 30 The second round of day trading measures, the Sell-First-Buy-Later scheme, is rolled out.
Jul 31 TWSE lists its first 10 extendable warrants.
Oct 31 TWSE lists its first set of leveraged and inverse ETFs.
Dec 29 The call auction order matching interval is shortened to 5 sec.
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