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Tokyo Stock Exchange (TSE)

<description of market>

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Currency: Japanese Yen (JPY)

Trading Hours & Calendar

Trading Summary

The Tokyo Stock Exchange uses a next generation trading system named 'arrowhead'. Introduced on Monday, January 4, 2010 more information can be found here.

The Tokyo Stock Exchange consists of three separate listing markets, each with it's own distinct listing criteria:

  • Main Markets
  • Mothers
  • JASDAQ

More information on the differences in listing requirements can be found here.

Lit Order-types

  • TSE Limit Buy/Sell/Short (DAY)
  • TSE Market Buy/Sell/Short (DAY)
  • TSE Funari Buy/Sell/Short (DAY)
  • TSE Limit on Open (LOO) Buy/Sell/Short (DAY)
  • TSE Market on Open (MOO) Buy/Sell/Short (DAY)
  • TSE Limit on Close (LOC) Buy/Sell/Short (DAY)
  • TSE Market on Close (MOC) Buy/Sell/Short (DAY)

Dark Order-types

  • JP Dark Limit Buy/Sell/Short (DAY)
  • JP Dark Market Buy/Sell/Short (DAY)

Available ATS

Basic Market Rules

  • Lot Size is set by the listed company and as a result there is no cohesive definition. However, individual trade units are defined in the exchange's daily report found here.
  • Tick Size is set by price as follows:
Price Range (Yen) Tick Size (Yen)
up to 3,000 ±1
up to 5,000 5
up to 30,000 10
up to 50,000 50
up to 300,000 100
up to 500,000 500
up to 3 million 1,000
up to 5 million 5,000
up to 30 million 10,000
up to 50 million 50,000
over 50 million 100,000
  • Short Sale Rules
  • Circuit Breakers

Auction Mechanisms

Open

Close

Additional Info

See Also

References

tse.1373911626.txt.gz · Last modified: 2017/03/14 12:37 (external edit)