Resources

For investors to understand the TSE trading methodology, TSE offers the 'Guide to TSE Trading Methodology,' a guidebook that explains how transactions on the TSE market work.

This book explains the price formation logic used in the TSE's “arrowhead” stock trading system in detail and in an easy-to-understand manner through a total of 76 example problems.
The book explains the price formation mechanism of the Itayose method, which determines the opening and closing prices, and the Zaraba method, which determines prices during other trading hours, using specific examples to illustrate key points. The book also discusses Special Quotes and Sequential Trade Quotes, which are trading rules unique to Japan to control sudden price fluctuations, as well as the mechanism for determining the initial price for newly listed stocks.
This revised edition includes eight new examples on Closing Auction and Special Execution scheduled to be introduced in November 2024. The book also includes a summary of the answers to each question at the end of the book.
Please use this book to further your understanding of the changes of the trading rules.
Main Contents: Introduction / Zaraba / Itayose / Newly listed stock / CB trading

Full of information such as Tokyo Stock Exchange listed companies’ last cum-rights days and ex-rights days, the last trading days and SQ calculation days of Osaka Exchange and Tokyo Commodity Exchange listed financial derivatives and commodity derivatives are also added in the calendar.