Convertible Bonds (CBs) are traded on arrowhead system.

Trading Hours 9:00 am - 11:30 am
12:30 pm - 15:00 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
  • ・ToSTNeT trading is also available.