TWSE planning longer trading hours, odd-lot reform - Taipei Times

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Potential changes include moving the starting time of odd-lot trades to match the regular trading hours and shortening the order matching cycle

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The Taiwan Stock Exchange (TWSE) is working on improving a key trading system popular among retail investors and planning longer trading hours to attract more demand, the bourse’s chairman said yesterday in Taipei.The exchange is studying ways to optimize the so-called odd-lot transactions mechanism, which caters to trades involving less than one standard unit of shares and is heavily used by individual investors, TWSE chairman Sherman Lin (林修銘) said in an interview.Reforms under consideration include moving the start time of such trades 10 minutes earlier to 9am to match the market’s regular trading hours, Lin said, adding that the exchange is considering shortening the current five-second order matching cycle.

People look at an electronic board at the Taiwan Stock Exchange Corp in Taipei on March 16.