Trading (CB)
Convertible Bonds (CBs) are traded on arrowhead system.
| Trading Hours | 9:00 am - 11:30 am 12:30 pm - 3:30 pm |
| Trading Unit | JPY 100 thousand, JPY 500 thousand, JPY 1 million, JPY 2 million, JPY 3 million, JPY 4 million, or JPY 5 million in par value (depends on issue) |
| Tick Size | JPY 0.05 per JPY 100 in par value |
| Types of Orders | Limit orders and market orders |
| Daily Price Limit | Product of the price limit of underlying stock and conversion ratio (Minimum JPY 5) |
| Trade Execution | Individual auctions for each issue (same as stocks) |
| Conditional orders | On open and IOC are available (On close and funari are not available) |
| Types of Trading and Settlement Dates | Cash transactions (T+0) Regular transactios (T+3) |
| Settlement | Account transfer on JASDEC |
(Note)
- ･ToSTNeT trading is also available.