In just a year, local Internet brokerages have managed to capture 3.61 percent of total trading on the Taiwan stock exchange, with analysts predicting further growth to come.
According to the Taiwan Stock Exchange, total Internet trading in December was NT$210 billion, or 3.61 percent of total market trading, compared to 0.68 percent market share in January last year. A six-fold increase for the calendar year.
Analysts estimate that the fast growth of Internet trading in Taiwan could see the online trading sector double its market share to 8 percent or even higher by the end of the year.
Topping the market at the end of 1999 was Polaris Securities (
"Presently we have 27 brokerage branches doing traditional trading, meanwhile more than 10,000 transactions went through our Internet trading system every day," said Bai Win-chen (
If every brokerage in Taiwan had growth similar to Polaris Securities, the market share of Internet trading could rise to one-third in the next few years, said analysts.
"By the end of 2000, we expect Internet trading market share could double to 8 percent," said Dicky Dai (
"We expect the market share of Internet trading could reach 20 percent of the total trading on the Taiwan Stock Exchange in the next three years," he said
"Although Lehman Brothers has recently predicted that Internet trading in Taiwan will reach a 20 percent market share in the near term, we still expect it will require three more years to reach that target," said Dai.
Since President Securities (
Currently there are as many as 66 securities companies offering Internet trading services -- but still more than two-thirds of securities companies, mostly small-sized brokerages -- have not joined the party.
"Free computer packages were useful in the early stages of promoting Internet trading for those who do not own a personal computer or notebook computer," said Russel's Dai.
"But investors still have to pay for it. I think the biggest incentive for Internet trading will be the commission cost in the long-run. Presently we are giving a 35 percent discount to Internet trading clients, and many others also give similar discounts to their Internet trading clients.
"The higher the trading volume, the more attractive Internet trading will be for stock investors," Dai said.
Approximately 82,800 investors opened Internet trading accounts in December, with Polaris Securities leading the field attracting 11,900 of them.
Core Pacific Securities (京華證券) was second with 6,300, while Taiwan Securities (台証證券) managed 6,200, MasterLink Securities (元富證券) 5,900 and Fubon Securities (富邦證券) 5,300 accounts.
"With the increasing importance of Internet trading, securities companies that cannot participate in the trend will be forced to leave the market, sooner or later," said one analyst.
purpose: Tesla’s CEO sought to meet senior Chinese officials to discuss the rollout of its ‘full self-driving’ software in China and approval to transfer data they had collected Tesla Inc CEO Elon Musk arrived in Beijing yesterday on an unannounced visit, where he is expected to meet senior officials to discuss the rollout of "full self-driving" (FSD) software and permission to transfer data overseas, according to a person with knowledge of the matter. Chinese state media reported that he met Premier Li Qiang (李強) in Beijing, during which Li told Musk that Tesla's development in China could be regarded as a successful example of US-China economic and trade cooperation. Musk confirmed his meeting with the premier yesterday with a post on social media platform X. "Honored to meet with Premier Li
ARTIFICIAL INTELLIGENCE: The chipmaker last month raised its capital spending by 28 percent for this year to NT$32 billion from a previous estimate of NT$25 billion Contract chipmaker Powerchip Semiconductor Manufacturing Corp (力積電子) yesterday launched a new 12-inch fab, tapping into advanced chip-on-wafer-on-substrate (CoWoS) packaging technology to support rising demand for artificial intelligence (AI) devices. Powerchip is to offer interposers, one of three parts in CoWoS packaging technology, with shipments scheduled for the second half of this year, Powerchip chairman Frank Huang (黃崇仁) told reporters on the sidelines of a fab inauguration ceremony in the Tongluo Science Park (銅鑼科學園區) in Miaoli County yesterday. “We are working with customers to supply CoWoS-related business, utilizing part of this new fab’s capacity,” Huang said, adding that Powerchip intended to bridge
Dutch brewing company Heineken NV on Friday announced an investment of NT$13.5 billion (US$414.62 million) over the next five years in Taiwan. The first multinational brewing company to operate in Taiwan, Heineken made the statement at a ceremony held at its brewery in Pingtung County. It also outlined its efforts to make the brewery “net zero” by 2030. Heineken has been in the Taiwanese market for 20 years, Heineken Taiwan managing director Jeff Wu (吳建甫) said. With strong support from local consumers, the Dutch brewery decided to transition from sales to manufacturing in the country, Wu said. Heineken assumed majority ownership and management rights
Microsoft Corp yesterday said that it would create Thailand’s first data center region to boost cloud and artificial intelligence (AI) infrastructure, promising AI training to more than 100,000 people to develop tech. Bangkok is a key economic player in Southeast Asia, but it has lagged behind Indonesia and Singapore when it comes to the tech industry. Thailand has an “incredible opportunity to build a digital-first, AI-powered future,” Microsoft chairman and chief executive officer Satya Nadella said at an event in Bangkok. Data center regions are physical locations that store computing infrastructure, allowing secure and reliable access to cloud platforms. The global embrace of AI