JPX Monthly Headlines

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.

June

Jun. 7: Publication of JPX Working Paper on Issues around the Fragmentation in the U.S. Equities Market

JPX published a JPX Working Paper, Vol. 36 "Issues around the Fragmentation in the U.S. Equities Market". It introduces the latest trends and topics around fragmentation in the U.S. equities market such as payment for order flow. This topic is also garnering attention in Japan after events such as the GameStop saga unfolding in the U.S. equities market at the beginning of the year and a new chair of the SEC appointed following the change in the administration.
(The views and opinions of this material are the writers' own and do not constitute the official view of JPX Group and organizations where the writers belong.)
*The publication is only available in Japanese.

Related pages

Jun. 10: First Meeting of Index Advisory Panel

TSE has an Index Advisory Panel that improves TSE indices through exchanges of opinions with Index License users. The first meeting of the Panel was held on Jun. 10 as a hybrid meeting with online participation. Panel members offered opinions about TSE's index governance and the implementation status of index consultation etc., in this meeting. Taking into account these views, TSE will endeavor to continue improving TSE indices.

Related pages

Jun. 16: Introduction of Compression Trade Rules

OSE will introduce Compression Trade Rules as a new listed derivatives trading method. This will allow market participants to reduce outstanding positions while controlling the change in risk exposure within a certain range in the off-auction market (J-NET market).

Jun. 16: 20th Annual General Shareholders Meeting

On Jun. 16, JPX held its 20th Annual General Shareholders Meeting. During the shareholders meeting, JPX reported on the FY2020 business status with future issues to be addressed and held a question-and-answer session with the shareholders. The meeting concluded with approval of all resolutions. Also, the shareholders meeting was streamed live for shareholders not in attendance. JPX strives to engage in constructive dialogue with shareholders through such opportunities as the shareholders meeting to ensure a long-term relationship of trust.

Related pages

Jun. 18: Start of Timestamp Data Service etc. along with Launch of J-GATE 3.0

OSE will start providing timestamp data as part of the alternative data service from Tuesday, Sep. 21, 2021 when J-GATE 3.0 is scheduled to go live. The data shows a time recorded in nanoseconds when each individual order message passes each timestamping point on the network paths between arrownet and J-GATE. In addition, OSE will provide Full Order Information (ITCH data) distributed by J-GATE via ITCH protocol that is newly provided via AWS after changing from the previous CSV format to binary format and conducting other necessary procedures. We aim to continue contributing such as creating new businesses, streamlining business operations, and reducing costs, through the expansion of data services.

Jun. 28: Trading Value via the RFQ Platform "CONNECTOR" in the ETF Market Surpasses 10 Billion Yen

Since TSE launched the RFQ (Request For Quote) platform, CONNEQTOR, in February 2021, the ETF trading value via CONNEQTOR has surpassed 10 billion yen. At present, both the number of users and daily average trading value have been increasing steadily and about half of the cumulative trading value of 10 billion yen was conducted in June. Amid demand for more advanced asset management, over 40 financial institutions and other companies have already started using this new platform to operate efficiently at better prices. By utilizing CONNEQTOR, we aim to create a market where "ETFs can be traded faster and cheaper" and where "anyone" can "trade safely," and we will continue to take on the challenge of making continual improvements.

Related pages

JPX Kitahama Festa 2020 -Online- (June - August)

OSE is hosting the "JPX Kitahama Festa 2021 Online", which marks the seventh installment of this annual event. The annual make a wish in "Wishes for Tanabata" are being accepted through JPX's website this year, same as last year. The wishes received will be written on tanzaku (strips of fancy, oblong paper) and decorate the bamboo branches in the atrium on the first (ground) floor of the OSE building. After the Tanabata event ends, the tanzaku will be ceremoniously burnt as an offering at Hatamono Shrine, said to be the birthplace of Tanabata and located in Katano city, Osaka prefecture. The "Wishes for Tanabata" can be viewed on official JPX social media. Also, from the perspective of launching a comprehensive exchange last year, JPX is planning to hold webinars focused on derivatives as well as an exhibition of panels online featuring this year's theme, "Rubber".