Market Making Incentive Scheme

Awards for outstanding ETF market makers

Tokyo Stock Exchange, Inc. established the ETF Market Making Scheme in July 2018 with the aim of improving liquidity in the ETF market. Under this scheme, market makers have been continuously showing quotes for a large number of ETFs, and this has resulted in a significant improvement in liquidity for many ETFs. In order to honor market makers who have made significant contributions to liquidity provision and to notify this scheme broadly, TSE is pleased to present awards to outstanding ETF market makers.

The following companies have been selected as winner of each award in March 2021.

The Best Market Maker

3 market makers with excellent performance in a very large number of ETFs have been selected as the Best Market Makers. (in order of Japanese alphabetical)

Vivienne Court Trading

Vivienne Court Trading

 
Flow Traders Hong Kong Ltd

Flow Traders Hong Kong Ltd

 
Nomura Securities Co.,Ltd.

Nomura Securities Co.,Ltd.

 

The Good Market Makers

Market makers with stable performance in many ETFs have been selected as the good Market Makers. (in order of Japanese alphabetical)

Optiver Australia Pty Limited

Optiver Australia Pty Limited

 
JPMorgan Securities Japan Co., Ltd.

JPMorgan Securities Japan Co., Ltd.

 
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

(note)
  • ・Performance measurement period:April 2020 to February 2021
  • ・Market makers subject to Awards:Market makers who participated in the market making scheme before March 2020
 

Founding Member Award

TSE will also be presenting awards to market makers who have participated in the scheme since its introduction in July 2018.
Market makers who have actively participated in the scheme while market was small and contributed greatly to the expansion of the market by providing liquidity to investors will be honored as Founding Member. (in order of Japanese alphabetical)

Vivienne Court Trading

Vivienne Court Trading

 
Optiver Australia Pty Limited

Optiver Australia Pty Limited

 
Nomura Securities Co.,Ltd.

Nomura Securities Co.,Ltd.

 
Flow Traders Hong Kong Ltd

Flow Traders Hong Kong Ltd

 
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

Contact

Equities Department, Tokyo Stock Exchange, Inc. 
TEL:+81-3-3666-0141 (Switchboard)
E-mail:kabuso-kaigi@jpx.co.jp