GTSM > Service > Q&A > How to trade on GTSM

How to trade on GTSM

1.	Is it necessary to open a new account for GTSM if I already have one for trading on TSE? And where can I obtain information on GTSM?

2.	When opening a GTSM account, what types of procedure are required?

3.	For recent investors, is the account same for TSE and GTSM stocks?

4.	Is the depository account at TSCD the same for investors trading in both TSE and GTSM?

5.	Even though TSE and GTSM use the same account, does the investor still need to open a GTSM account separately?

6.	What are the types of transaction?

7.	hat is the trading hours for each type of transaction?

8.	What are the methods in making an order in GTSM?

9.	Is there a maximum order per transaction in computerized matching? If there is, how many shares?

10.	How much is the transaction tax when selling stocks in GTSM?

11.	How much is the commission in trading GTSM stocks?

Q1.Is it necessary to open a new account for GTSM if I already have one for trading on TSE? And where can I obtain information on GTSM?

Ans︰
Yes, it is necessary to open a new account and GTSM market information is published on every major newspaper, television station and GTSM web site (www.gretai.org.tw).

Q2.When opening a GTSM account, what types of procedure are required?

Ans︰
1. GTSM Account Opening Contract
2. Taiwan Securities Central Depository (TSCD) Contract
3. Trade Authorization Form
4. Risk Disclosure

Q3.For recent investors, is the account same for TSE and GTSM stocks?

Ans︰
Yes, it's the same account.

Q4.s the depository account at TSCD the same for investors trading in both TSE and GTSM?

Ans︰
Yes, it is.

Q5.Even though TSE and GTSM use the same account, does the investor still need to open a GTSM account separately?

Ans︰
Yes and the procedure is same as the above.

Q6.What are the types of transaction?

Ans︰
(1) Large amount trading (over 100,000 shares) through negotiation with the dealer
(2) Computerized matching (over 1,000 shares) by entrusting a broker
(3) Odd-lot trading by entrusting a broker
(4) After hours trading (over 1,000 shares) by entrusting a broker
(5) Block trading (over 500,000 shares) by entrusting a broker

Q7.What is the trading hours for each type of transaction?

Ans︰
(1) Negotiation through dealer : Monday ~ Friday, 9:00 ~ 15:00
(2) Computerized matching : Monday ~ Friday, 9:00 ~ 13:30
(3) Odd-lot trading : Monday ~ Friday, 15:00 ~ 16:00 (accepts transaction report and the following day becomes the trade day)
(4) After hours trading : Monday ~ Friday, 14:00 ~ 14:30
(5) Block trading : Monday ~ Friday, 14:30 ~ 15:30

Q8.What are the methods in making an order in GTSM?

Ans︰
Same as the TSE (in person, via phone, internet/IC card, letter, or fax)

Q9.Is there a maximum order per transaction in computerized matching? If there is, how many shares?

Ans︰
Yes, and the maximum order is 499 thousand shares.

Q10.How much is the transaction tax when selling stocks in GTSM?

Ans︰
Same as TSE, 3/1000 of the total transaction.

Q11.How much is the commission in trading GTSM stocks?

Ans︰
The upper limit is 1.425/1000 of the total transaction.