Market News

Apr. 25, 2025 TSE Handling of Tick Sizes Applied to ETFs, ETNs, and Leveraged Products From May 7

Tokyo Stock Exchange (TSE) has previously announced that it will implement rule revisions to apply new tick sizes (hereinafter the “one unit ETF tick size table”) to issues with a trading unit of one unit for ETFs, ETNs, and leveraged products (hereinafter collectively referred to as “ETFs, etc.”) from May 7, 2025. In accordance with these revisions, rules for tick sizes applied on and after May 7 will be as shown below.

1. ETFs, etc. to which the one unit ETF tick size table is applied
TSE will apply the one unit ETF tick size table to ETFs, etc. with a trading unit of one unit. For details, please refer to the Appendix. For ETFs, etc. with a trading unit of 10 units or more, the tick sizes that are applicable to TOPIX 500 constituents will continue to be applied.

2. Handling on and after the effective date
The above 1. will be applied from May 7.
In the event that tick sizes are to be changed due to a change in the trading unit or other reasons, TSE will announce said change on the JPX website ("Market News") at least two business days before said change takes effect.