Premier Jiang Yi-huah today gave the thumbs up to the Financial Supervisory Commission (FSC) for taking the initiative to promote cloud services for investors in stocks and futures. "Stock and futures markets represent a country's economic performance, and the FSC's cloud program can help spur domestic markets while pushing the business frontier of Taiwan's financial sector further into Asian markets," he said.
The premier made these remarks after being briefed by the FSC on this effort at today's Cabinet meeting. He asked the FSC to implement its strategies and plans to offer more guidance and assistance for related units and information providers and publicize the program's services to financial personnel and investors.
According to the FSC, its cloud program aims to promote information sharing, business innovation and better market services by offering trading, stock information, data storage applications, and other infrastructure facilities; increasing the transparency of listed and over-the-counter companies; and educating investors and publicizing new trading regulations through competitions.
Under the program, the Taiwan Stock Exchange Corporation (TWSE) since 2013 has operated a multimedia and event services platform, integrated data transmission from stock-related units or providers, and offered comprehensive market information. Among the data it provides, the Market Observation Post System has been widely welcomed, registering 166 million downloads from the public. For 2014, the TWSE plans to add three new features to the cloud services: videos of listed companies' investor conferences, alternative access to trading and a trading simulation platform.