Trading (TPBM)
The TOKYO PRO-BOND Market allows bonds to be traded either through the exchange or over-the-counter.
The TOKYO PRO-BOND Market provides a trading system as outlined below.
| Trading Days | Every day with the exception of non-business days (Sundays, national holidays, national holidays observed the preceding or following day, Saturdays, January 1 -3, and December 31). |
| Trading Hours | Order acceptance and trading hours are 12:30 to 15:30. |
| Trading Session and Trading Method | Trades are conducted in order of offer time and price; intraday trading only. Trading other than trading via the trading system. |
| Minimum Tick | Yen-denominated bonds are traded at 0.01 points per 100 yen of face value, and foreign-currency-denominated bonds at 0.01 points per 100 points. |
| Announcement of Contract Price | Announcements are made once a day on the website of the Exchange. (Trading values for foreign-currency-denominated bonds are also converted into yen.) |
(Note)
- ･Settlements for trading in bonds issued in Japan completed on PRO-BOND are made through the Japan Securities Clearing Corporation. Clearance and settlement of foreign-currency-denominated bonds is made at the trading value converted into yen by the Exchange.
- ･Securities settlements for bonds issued in Japan are conducted through the Japan Securities Depositary Center, Inc. (JASDEC).