Trading Mechanism

  TIB stocks TIB stocks transferring to the main board
Investor qualifications Must be “qualified investors”* or the TIB company buying back their own shares in accordance with the law. None
Trading methods The same as stocks listed on the main board
Trading units 1,000 shares
Tick size The same as stocks listed on the main board
Daily price fluctuation limit The same as stocks listed on the main board (10%) The same as stocks listed on the main board; however, there is no limit for the first five days for companies transferring from the TIB to the main board.
Trading hours The same as stocks listed on the main board
Trading restrictions Day trading, margin trading, and securities borrowing and lending not allowed None
Odd lot trading After-hour odd lot trading is allowed; intraday odd lot trading not allowed Both intraday and after-hour odd lot trading allowed


* The term “qualified investor” means an investor that meets one of the following criteria:

  1. A professional institutional investor or a juristic person with 2 or more years of experience in securities trading investment.
  2. Legally incorporated venture capital enterprises.
  3. A natural person with 2 or more years of experience in securities investment and meeting one of the following criteria:
    1. The person has financial statement of NT$5 million or m
    2. The person has an average annual income of NT$1.5 million or more over the most recent two fiscal years.

**When purchasing TIB stocks for the first time, the qualified investor who is natural person must sign a Risk Disclosure Statement for TIB Securities and the explanation and disclosure regarding the aforementioned Risk Disclosure Statement is required before a brokerage firm accepts said investor’s consignment.