Market News

Feb. 28, 2019 TSE Update of ETF Market Making Incentive Scheme

 

Tokyo Stock Exchange (TSE) introduced an ETF market making incentive scheme in order to improve liquidity in the ETF market in July 2018 and will update the scheme from April 1, 2019.

As part of this update and expanding on the current scheme, TSE will ask market makers to display continuous quotes of JPY 100 million to 1 billion for a limited time and set incentives accordingly. TSE aims to develop Star ETFs, which represent each asset class.
TSE will also make other revisions to the current scheme, such as reducing the minimum required number of ETFs for continuous quoting in order to promote the signing up of more market makers for illiquid ETFs.
For more information, please refer to the following document and link.

The new limited-time continuous quoting and revisions to the current scheme are expected to result in deeper liquidity for the ETF market while facilitating swift, lower cost trading for even relatively large transactions.

TSE remains committed to promoting the growth of a convenient market for investors.

ETF Market Making Incentive Scheme Ver2.0
(From April 2019)
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Overview of Market Making Incentive Scheme

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Tokyo Stock Exchange, Inc. Equities Department
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