Market News

Nov. 25, 2021 TSE Handling of Tick Sizes for ETFs, ETNs, and leveraged products from November 29 onward

 

Tokyo Stock Exchange, Inc. (TSE) has previously announced that tick sizes applied to TOPIX 100 constituents (hereinafter, the "TOPIX 100 tick size table") will be applied, in principle, to all ETFs, ETNs, and leveraged products after November 29, 2021. Additionally, for ETFs, ETNs and leveraged products with a trading unit of 1 unit, TSE has announced that we will apply the TOPIX 100 tick size table or tick sizes other than those applied to TOPIX 100 constituents (hereinafter, the "non-TOPIX 100 tick size table"), depending on the price. Today we announce tick sizes to be applied on November 29 that will be implemented in accordance with these revisions.

1. ETFs, ETNs and leveraged products to which the TOPIX 100 tick size table is applied
For issues with a trading unit other than 1 unit, the TOPIX 100 tick size table will be applied. For issues with a trading unit of 1 unit, if the closing price, etc. on November 25 is over JPY 5,000, the TOPIX 100 tick size table will be applied, and if the closing price, etc. is under JPY 5,000, the non-TOPIX 100 tick size table will be applied.
For details, please refer to the appendix.

2. Date of application and subsequent handling
The revision in the above 1 shall be implemented from November 29, 2021 onward.
After that, for issues with a trading unit of 1 unit, tick sizes to be applied will change depending on the closing price, etc. As a general rule, if the closing price, etc. is JPY 5,000 or lower on or after November 26, it will be changed to the non-TOPIX 100 tick size table, and if the closing price, etc. is JPY 7,000 or higher, it will be changed to the TOPIX 100 tick size table, effective from the second business day following the change. In the event that such a change is to be implemented, the information will be announced via the JPX website (Market News) etc.

(Appendix) List of Tick Size for ETFs&ETNs icon-xls
(Appendix) List of Tick Size for ETFs&ETNs (CSV Format) icon-csv
Handling of Operations Relating to Optimization of Tick Sizes for ETFs, ETNs, and Leveraged Products
 

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