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SBI Japannext

SBI Japannext is a proprietary trading system (PTS) which offers traders and investors an alternate venue for trading in Tokyo-listed stocks.

Homepage Currency: Japanese Yen (JPY)

Trading Hours & Calendar

Trading Hours Holiday Calendar - same as the primary exchange - TSE

Trading Summary

Powered by NASDAQ OMX's exchange technology, SBI Japannext offers an advanced, low-latency trading system. More information on the features of SBI Japannext can be found here.

Lit Order-types

Limit Buy/Sell/Short (DAY/IOC)
Reserve Limit Buy/Sell/Short (DAY)

Traded Markets

Tokyo Stock Exchange (TSE)

Basic Market Rules

Lot Size: Although lot size is generally the same as the primary exchange, it will differ in some cases as specified here.
Tick Size: SBI Japannext offers a smaller tick sizes than the primary exchange as follows:

Price Range (Yen)	Tick Size (Yen)
up to 3,000	0.1
3,000 up to 5,000	0.5
5,000 up to 30,000	1
30,000 up to 50,000	5
50,000 up to 300,000	10
300,000 up to 500,000	50
over 500,000	100

Short Sale Rules: Naked short selling is prohibited, locates are required and an uptick rule is in place. More detail can be found here.
Circuit Breakers: SBI Japannext trading may limit or halt transactions under a number of circumstances as defined here.

Auction Mechanisms

SBI Japannext does not have any opening or closing auctions.

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