| Article 1 |
These Standards are adopted pursuant to Article 6 of the Taipei Exchange (TPEx) Operational Rules Governing Market Makers and Liquidity Providers ("the Rules").
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| Article 2 |
When a market maker's trading quotes for an individual selected TPEx listed stock in a given month satisfy the requirements of Article 4 of the Rules, the TPEx will discount the business service fee for that TPEx listed stock for the given month according to the following standards (for securities firm account no. 555555-5):
┌─────────┬───────────┐
│Share of monthly │Business service fee │
│trading volume │discount rate for the │
│ │given month │
├─────────┼───────────┤
│Less than 10% │25％ │
├─────────┼───────────┤
│10% or more │15% + share of monthly│
│ │trading volume (the │
│ │total discount is │
│ │limited to a maximum │
│ │of 60%) │
├─────────┴───────────┤
│Note: (Share of monthly trading volume) = │
│(the market maker's trading volume of the │
│selected TPEx listed stock in normal │
│trading in the given month) ÷ (the total │
│trading volume of the selected TPEx listed│
│stock in normal trading in the given │
│month). Total trading volume = (buy trade │
│volume + sell trade volume) │
└─────────────────────┘
The monthly trading volume referred to in the preceding paragraph does not include the quantity of self-trades executed through that account or of trades executed between that account and other accounts opened under the securities firm's own name.
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| Article 3 |
When a market maker's trading quotes for all its selected specified TPEx listed stocks in a given month satisfy the requirements of Article 4 of the Rules, the TPEx will discount the business service fee for the market maker's proprietary trading account (securities firm account no. 000000-0) for the given month according to the following standards:
┌─────────┬───────────┐
│Number of selected│Business service fee │
│TPEx listed stocks│discount rate for the │
│for which the │given month │
│market maker's │ │
│trading quotes │ │
│satisfied the │ │
│requirements │ │
├─────────┼───────────┤
│5-9 stocks │10% │
├─────────┼───────────┤
│10-14 stocks │15% │
├─────────┼───────────┤
│15-19 stocks │20% │
├─────────┼───────────┤
│20 stocks or more │25% │
└─────────┴───────────┘
When calculating the business service fees to which the discounts under the preceding paragraph are applicable, the amounts of self-trades executed through that account and of trades executed between that account and other accounts opened under the securities firm's own name shall be deducted.
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| Article 4 |
The TPEx will discount a liquidity service provider's monthly business service fee for an individual selected TPEx listed stock for a given month according to the following standards (for securities firm account no. 555555-6):
┌─────────┬───────────┐
│Average daily │Business service fee │
│trading volume │discount rate for the │
│ │given month │
├─────────┼───────────┤
│At least 25 but │15% │
│less than 50 │ │
│trading units │ │
├─────────┼───────────┤
│At least 50 but │20% │
│less than 75 │ │
│trading units │ │
├─────────┼───────────┤
│At least 75 but │25% │
│less than 150 │ │
│trading units │ │
├─────────┼───────────┤
│150 or more │30% │
│trading units │ │
└─────────┴───────────┘
The average daily trading volume referred to in the preceding paragraph does not include the quantity of self-trades executed through that account or of trades executed between that account and other accounts opened under the securities firm's own name.
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| Article 5 |
These Standards, and any amendments hereto, will be publicly announced and implemented following submission to and recordation by the competent authority.
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