JPX Working Papers

Japan Exchange Group, Inc. (JPX) highlights research and studies on changes in the market and regulatory environment with the aim of raising competitiveness. Conducted by officers and employees of JPX, its subsidiaries, and affiliates, as well as outside researchers, JPX Working Papers are intended to draw comments widely from academia, research institutions, and other market participants and observers.

Readers are reminded that the contents and opinions contained in the papers are those of the authors and do not reflect the official opinions of JPX, its subsidiaries, or affiliates.

  Date of Publication Title Full Text Summary
Vol. 17 2016/12/08 Investigation of Frequent Batch Auctions using Agent Based Model icon-pdf icon-pdf
Vol. 16 2016/09/15 Movements related to Listed Infrastructure Funds Markets in the U.S. - Studies of MLP, YieldCo, Solar REITs - * *
Vol. 15 2016/08/30 Applicability of Distributed Ledger Technology to Capital Market Infrastructure icon-pdf *
Vol. 14 2016/06/09 Analysis of Differences in Trading Behavior at Day and Night Sessions for Nikkei 225 Futures icon-pdf icon-pdf
Vol. 13 2016/03/31 Empirical analysis of the high-frequency lead/lag relationships of trading activities on limit-order books across the Japanese stock exchanges * *
Vol. 12 2016/03/28 The Effects of Japanese Employee Stock Ownership Plans on Productivity, Wages, and Corporate Performance icon-pdf *
Vol. 11 2016/03/11 Predicting Short-Term Market Fluctuations using the VPIN Metric - An Empirical Analysis of Nikkei 225 Futures and Nikkei 225 mini - * *
Vol. 10 2015/03/31 On the Effects of the 2014 TSE Tick Size Reduction on the Domestic Stock Market: an Empirical Study * *
Vol. 9 2015/03/31 Impacts of Speedup of Market System on Price Formations using Artificial Market Simulations icon-pdf icon-pdf
Vol. 8 2015/03/31 The Impact of Market Maker's Strategy Considering Position to the Competition among Markets: Analysis by Artificial Market Approach * *
Vol. 7 2015/01/20 Impact of Tick Size Pilot Program on Trading Costs at Tokyo Stock Exchange icon-pdf icon-pdf
Vol. 6 2014/07/31 High Frequency Quoting, Trading, and Efficiency of Prices icon-pdf icon-pdf
Special Report 2014/07/10 High Frequency Trading and the Complexity of the U.S. Equities Market * *
Vol. 5 2014/07/07 Analysis of the Impact of Market Maker's Spread to the Competition among Markets using an Artificial Market * *
Vol. 4 2014/05/20 Analysis of High-frequency Trading at Tokyo Stock Exchange icon-pdf icon-pdf
Vol. 3 2013/03/19 Change Detection of Orders in Stock Markets using Gaussian Mixture Model * *
Vol. 2 2013/01/30 Investigation of Relationship between Tick Size and Trading Volume of Markets using Artificial Market Simulations icon-pdf icon-pdf
Vol. 1 2012/09/28 Short Selling on the Tokyo Stock Exchange and the Effects of the Uptick Rule * *

  • "*" is used to denote JPX Working Papers for which English versions are not available. For Japanese versions, please refer to the following page.
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