Market News

Sep. 20, 2023 TSE Final Decision for Extension of Trading Hours and Introduction of Closing Auction

Tokyo Stock Exchange, Inc. (TSE) has finally decided the Extension of Trading Hours and the Introduction of Closing Auction in conjunction with the launch of the next generation trading system (arrowhead 4.0) scheduled for November 5, 2024.

Specifically, trading hours for arrowhead trading will be extended by 30 minutes to maximize trading opportunities for market participants and a Closing Auction will be introduced for trading at the close of the afternoon session in order to improve transparency of closing price formation.

The revisions will be implemented in order to respond to changes in the market environment and diversifying investor needs, as well as to further enhance the convenience, global competitiveness, and resilience of market participants.
TSE will continue to disseminate information to market participants to ensure the smooth implementation of the system.