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Table of Contents
Tokyo Stock Exchange (TSE)
<description of market>
Homepage
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 - Short Sell orders must be marked; naked short selling is prohibited; short sales are subject to an uptick rule where the price of the security must be 1 tick higher than the last sale price.
Auction Mechanisms
Open
Close
Additional Info
See Also
References
tse.1373912690.txt.gz · Last modified: 2017/03/14 12:37 (external edit)