Taiwan approves automated advisory services #investorseurope #roboadvisory | Robo-Advisors and Robo-Advisories | Scoop.it

Securities investment trust and consulting (SITC) companies in Taiwan have been given the go signal to provide robo-advisory services that automatically execute market orders based on the clients’ conditions. The new scheme, which takes effect Friday, was approved by the Financial Supervisory Commission (FSC), allowing the automated services, including stop-loss orders and trades, to make trades on behalf of clients without gaining approval for each transaction.