Trading rules of preferred stocks are similar to those of common stocks.

Trading Hours Morning session……… 9:00 a.m. - 11:30 a.m.
Afternoon session……… 12:30 p.m. - 3:00 p.m.
Trading Unit One unit prescribed in articles of incorporation of each listed company
Tick size Tick Size Table for issues other than TOPIX 100 constituents is applied
Types of Orders Market orders and limit orders
(similar to common stocks)
Daily Price limit Similar to common stocks
Trade Execution Individual auctions for each issue
Conditional Orders On open, on close, funari, IOC
(similar to common stocks)
Type of Transactions and Settlement Day Regular transaction (T+3)
Cash transaction (T+0)
When-issued transaction
Types of Trading and Settlement Dates Account transfer in JASDEC
  • ・ToSTNeT trading is also available.