JPX Monthly Headlines

On December 1, Ichigo Green Infrastructure Investment Corporation was listed and became the second infrastructure fund on the market. The infrastructure funds market was established for listing funds that invest in infrastructure assets, including renewable energy facilities, power grids, and transport/transmission networks. This new listing allows for weighing and provides a new option for trading in this market. We will continue to expand the infrastructure funds lineup.

On December 8, TSE launched a comprehensive website targeting retail investors in Japan, through which they can easily learn about mid-to-long term assets formation and quality use of ETFs. The website is only available in Japanese.

On December 14, TSE published the details of JPX-Nikkei Mid and Small Cap Index, a new index jointly developed with Nikkei, Inc.
The new index applies the concept of the JPX-Nikkei Index 400, which is an index comprised of highly attractive listed companies, to mid and small cap equities.
Composed of 200 issues selected from common stocks listed on the 1st and 2nd Sections, Mothers, or JASDAQ markets, the JPX-Nikkei Mid and Small Cap Index uses quantitative indicators, such as ROE and operating profit, along with qualitative factors, such as appointment of two or more independent outside directors. The index will launch on March 13, 2017.

On December 15, OSE announced an outline of specifications for "Revision to Tick Size of TSE Mothers Index Futures" and started to request public comments on the revision.
TSE Mothers Index Futures was listed in response to a system replacement in July 2016. The tick size will be revised from the current 0.5 points to 1.0 points based on market liquidity and comments from market users. This revision will be implemented on April 3, 2017.

On December 30, JPX and its group companies held a ceremony on the last trading day of 2016. Among the many in attendance were representatives of companies listed throughout the year, market participants, and those from the general public who were selected to join by drawing.
The special guest for 2016 at TSE was Olympic wrestling champion Kaori Icho, winner of the People's Honor Award and a medal of honor from the nation of Japan. There was also a surprise appearance by the popular bear mascot from Kumamoto Prefecture, Kumamon.
Ms. Icho and Kumamon rang the bell, and then all attendees and spectators joined in a ceremonial hand-clapping to close the year.

As of December 2016, the number of companies listed on the TSE 1st Section has surpassed 2,000 for the first time ever. As touted in our motto of being Your Exchange of Choice, we will continue working hard to earn the title of most preferred exchange in Asia.

In 2016, 84 companies were newly listed on TSE. Although the number fell from a year earlier, we believe the IPO pipeline still remains strong. In 2017, we will continue ensuring the quality of IPOs through cooperation with underwriters, audit firms, and other market participants involved in the IPO process while proactively advancing our listing promotions activities.

For the cash equity market, trading value of ETFs was JPY 61.5332 trillion, and that of REITs was JPY 12.8081 trillion. These both represent record highs.
For the derivatives market, total trading volume was 337,535,243 contracts, marking the third highest on record, exceeding 300 million contracts for the fourth consecutive year. Trading volume for the night session was 114,119,666 contracts, and the ratio of the night session was 33.8%, marking the second highest on record. Trading volume of TSE REIT Index Futures reached a record high of 253,607 contracts.