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JPX group companies undertake various initiatives and disseminate information with the aim of providing the most attractive markets to all users.
Every month, we showcase the highlights of these efforts in short and concise summaries just for you.
With the aim of realizing "ETFs, faster and cheaper", from October 2019 TSE has begun to consider providing an RFQ (request-for-quote) function to facilitate large-scale ETF transactions that are difficult to execute in auction sessions.
TSE has decided to begin development of the service for use on the market now that realization of the technology is within sight, having completed the design process with the kind cooperation of many of the institutional investors who will become users and confirmed their needs.
The platform for this RFQ function is named "CONNEQTOR," incorporating TSE's wish to make ETF trading more efficient by closely connecting institutional investors, securities companies, and market makers.
From the viewpoint of improving reliability and convenience for the market users, including investors and trading participants, OSE will revise the trading rules effective at the launch of the Next-Generation Derivatives Trading System (J-GATE3.0).
Major revisions are as follows:
- Extension of the Night Session
- Change in the start time of the Day Session for Index Options
- Application of the Immediately Executable Price Range Rule to the Opening Auction
- Expansion of the Immediately Executable Price Range applied to the Closing Auction
- Introduction of Flexible Contract Months for Index Futures
- Introduction of Nikkei 225 Total Return Index Futures (Only for Flexible Contract Months)
OSE remains committed to develop a highly convenient and reliable market for investors.
With the outbreak of novel coronavirus, JPX lights up the OSE Old Market Building in blue from April 22, to show gratitude and respect to all medical personnel who have made tireless efforts to prevent the spread of infection and provide medical care, as well as to all the people working to support our daily life.
The #LightItBlue initiative originated in the United Kingdom to show gratitude for those on the front lines tackling the coronavirus outbreak. The blue color comes from the core-color scheme of the UK's National Health Service.