Market News
Mar. 27, 2025 TSE Change in Trading Unit and Tick Sizes for Domestic ETFs (18 issues including Listed Index Fund MSCI Japan Equity High Dividend Low Volatility (code: 1399))
Tokyo Stock Exchange, Inc. (TSE) has announced that we will change the trading unit for 18 ETFs and will start trading in the new trading unit 8 of them from April 9 (Wednesday), 1 of them from April 11 (Friday), and 9 of them from April 21 (Monday), as follows. In addition, in line with the change in the trading unit, the tick size will be changed from the same day.
The table below shows the new trading unit and tick size
Effective from April 9 (Wednesday)
| Code | Issue Name | Trading Unit after the change (Ref. before the change) |
Tick Size after the change (*) (Ref. before the change) |
| 1399 | Listed Index Fund MSCI Japan Equity High Dividend Low Volatility | 1 unit （Before: 10 units） |
Non-TOPIX 500 （Before: TOPIX 500） |
| 1490 | Listed Index Fund MSCI Japan Equity High Dividend Low Volatility (Beta Hedged) | 1 unit （Before: 10 units） |
TOPIX 500 *No change |
| 1698 | Listed Index Fund Japan High Dividend (TSE Dividend Focus 100) | 1 unit （Before: 10 units） |
Non-TOPIX 500 （Before: TOPIX 500） |
| 2235 | Listed Index Fund US Equity (Dow Average) No Currency Hedge | 1 unit （Before: 10 units） |
Non-TOPIX 500 （Before: TOPIX 500） |
| 2562 | Listed Index Fund US Equity (Dow Average) Currency Hedge | 1 unit （Before: 10 units） |
Non-TOPIX 500 （Before: TOPIX 500） |
| 2566 | Listed Index Fund Nikkei ESG REIT | 1 unit （Before: 10 units） |
Non-TOPIX 500 （Before: TOPIX 500） |
| 2568 | Listed Index Fund US Equity (NASDAQ100) No Currency Hedge | 1 unit （Before: 10 units） |
TOPIX 500 *No change |
| 2569 | Listed Index Fund US Equity (NASDAQ100) Currency Hedge | 1 unit （Before: 10 units） |
Non-TOPIX 500 （Before: TOPIX 500） |
Effective from April 11 (Friday)
| Code | Issue Name | Trading Unit after the change (Ref. before the change) |
Tick Size after the change (*) (Ref. before the change) |
| 1555 | Listed Index Fund Australian REIT (S&P/ASX200 A-REIT) | 1 unit （Before: 10 units） |
Non-TOPIX 500 （Before: TOPIX 500） |
Effective from April 21 (Monday)
| Code | Issue Name | Trading Unit after the change (Ref. before the change) |
Tick Size after the change (*) (Ref. before the change) |
| 1322 | Listed Index Fund China A Share (Panda) E Fund CSI300 | 1 unit （Before: 10 units） |
TOPIX 500 *No change |
| 1495 | Listed Index Fund Asian REIT | 1 unit （Before: 10 units） |
TOPIX 500 *No change |
| 1547 | Listed Index Fund US Equity (S&P500) | 1 unit （Before: 10 units） |
TOPIX 500 *No change |
| 1554 | Listed Index Fund World Equity (MSCI ACWI) ex Japan | 1 unit （Before: 10 units） |
Non-TOPIX 500 （Before: TOPIX 500） |
| 1680 | Listed Index Fund International Developed Countries Equity (MSCI-KOKUSAI) | 1 unit （Before: 10 units） |
TOPIX 500 *No change |
| 1681 | Listed Index Fund International Emerging Countries Equity (MSCI EMERGING) | 1 unit （Before: 10 units） |
Non-TOPIX 500 （Before: TOPIX 500） |
| 2239 | Listed Index Fund S&P500 Futures Leveraged Two Times | 1 unit （Before: 10 units） |
TOPIX 500 *No change |
| 2240 | Listed Index Fund S&P500 Futures Inverse | 1 unit （Before: 10 units） |
TOPIX 500 *No change |
| 2521 | Listed Index Fund US Equity (S&P500) Currency Hedge | 1 unit （Before: 10 units） |
Non-TOPIX 500 （Before: TOPIX 500） |
- The tick size applied to TOPIX 500 constituents is called the "TOPIX 500", and the tick size applied to non-TOPIX 500 constituent stocks is called the "Non-TOPIX 500".
- The applicable tick size may be changed based on the price level immediately prior to the effective date of the change in the trading unit. TSE will notify again in that case.
Handling of Operations Relating to Optimization of Tick Sizes for ETFs, ETNs, and Leveraged Products
Enquiry
Tokyo Stock Exchange, Inc. Equities Department
TEL:Tel: +81-3-3666-0141