Search

Establishment of an Investigation Committee in Relation to the System Failure | Japan Exchange Group Oct. 05, 2020 JPX Establishment of an Investigation Committee in Relation to the System Failure Tweet JPX would like to deeply apologize for the inconvenience caused to many investors and other market users due to the failure in the arrowhead cash equity trading system on October 1, 2020. JPX has today established a "System Failure Investigation Committee" comprised of independent outside directors of JPX, as listed below. The committee will investigate, among other things, the cause(s) of the system failure and will work to maximize the effectiveness of measures put in place based on the investigation results, including those to prevent similar incidents. 1. Committee Members Chairperson　　　Kubori Hideaki　(Member of the Nomination Committee and Chairperson of the Risk Policy Committee) Other Members　Endo Nobuhiro　(Member of the Nomination Committee) 　　　　　　　　　Kohda Main　(Member of the ...

Introduction of Artificial Intelligence to Market Surveillance Operations | Japan Exchange Group Mar. 19, 2018 JPXTSEJPX-R Introduction of Artificial Intelligence to Market Surveillance Operations Japan Exchange Regulation ("JPX-R") and Tokyo Stock Exchange, Inc. ("TSE") decided to apply artificial intelligence (AI) to market surveillance operations to detect such misconduct as market manipulation. Deployment of AI to market surveillance operations will commence today. In surveillance operations of the TSE market for monitoring and preventing unfair trading, a broad range of orders that are likely to involve unfair trading are first identified by surveillance systems based on certain criteria. Surveillance personnel then conduct preliminary investigations to analyze the trading situation surrounding such orders. Based on these preliminary investigations, surveillance personnel determine the possibility of unfair trading before conducting detailed investigations and report to the Securities Exchange Surveillance Commission. JPX-R and TSE will be deploying two AI technologies: NEC Corporation’s "NEC ...

Development of New Environment for Expanding Opportunities for Investment in Japanese and Chinese Securities Markets via Use of ETFs - Japan-China ETF Connectivity - | Japan Exchange Group Oct. 26, 2018 JPX Development of New Environment for Expanding Opportunities for Investment in Japanese and Chinese Securities Markets via Use of ETFs - Japan-China ETF Connectivity - Japan Exchange Group, Inc. ("JPX") and Shanghai Stock Exchange ("SSE") have today agreed to strengthen the cooperative relationship for discussions and promotional activities for creating schemes to facilitate listing of ETFs whose trust assets are of Japanese and Chinese asset classes. Moving forward, JPX and SSE will actively cooperate in two main areas: (i) conducting feasibility studies about developing a new environment for expanding opportunities to invest in each other's securities markets through the use of ETFs and (ii) investor-oriented promotional activities regarding Japanese and Chinese securities markets. The exchanges will discuss more details in ...

"Comments Received from Market Participants in Response to the Review of the TSE Cash Equity Market Structure" etc. published | Japan Exchange Group Mar. 28, 2019 TSE "Comments Received from Market Participants in Response to the Review of the TSE Cash Equity Market Structure" etc. published TSE published the "Comments Received from Market Participants in Response to the Review of the TSE Cash Equity Market Structure" and the "Current Issues regarding TSE Cash Equity Market Structure (Summary of Current Issues)." Since last year, TSE has been reviewing the current cash equity market structure and how the market should be structured in the future, and has conducted public consulation as well as individual meetings, inviting comments from wide range of stakeholders. TSE has categorized the market responses received, and has published the "Comments Received from Market Participants in Response to the Review of the TSE Cash Equity Market Structure." Also, TSE ...

Establishment of Japan-China ETF Connectivity | Japan Exchange Group Apr. 22, 2019 JPX Establishment of Japan-China ETF Connectivity Japan Exchange Group, Inc. (JPX) and Shanghai Stock Exchange (SSE) will establish "Japan-China ETF Connectivity", a scheme for creating ETFs that link the ETF markets of both exchanges. Aimed at increasing opportunities for cross-border investment between the Chinese and Japanese securities markets, this scheme is the result of negotiations with the authorities and market participants based on the Memorandum of Understanding concluded between the two exchanges in October 2018. Please see the Appendix for an outline of the scheme. Under this scheme, a Japanese or Chinese ETF provider will be able to develop a feeder ETF that mainly invests in the counterparty's ETF after additionally obtaining special investment quota* for this scheme from the State Administration of Foreign Exchange of China. Henceforth, JPX and SSE will actively collaborate ...

Schedule for Setting up Systems at New Secondary Data Center | Japan Exchange Group Sep. 30, 2019 JPX Schedule for Setting up Systems at New Secondary Data Center With the aim of further enhancing stability in operating its markets, Japan Exchange Group, Inc. has been constructing a new secondary data center (back-up center) in the Kansai region. As such, we hereby announce the schedule for setting up systems, including trading systems, at the center as indicated in the PDF below. Schedule for Setting up Systems at New Secondary Data Center BCP Forum (Report of Technical Committee on Exchange Transactions) Construction of New Secondary Data Center Contact Japan Exchange Group, Inc.　Corporate Communications Department TEL:+81-(0)3-3666-1361 (Switchboard) Back to list...

Publication of Report of the Working Group on Derivatives Holiday Trading | Japan Exchange Group Jun. 30, 2020 OSE Publication of Report of the Working Group on Derivatives Holiday Trading Osaka Exchange, Inc. (OSE) started discussions on the introduction of derivatives holiday trading with market participants from autumn 2019 in light of the fact that investor risk became an issue due to the lengthy market closure during the 10 consecutive holidays in April to May 2019. As a result of the discussions, it was confirmed that there is a certain demand for derivatives holiday trading and that such efforts are also significant toward strengthening the international competitiveness of Japan's capital markets. As such, in January 2020, OSE established a "Working Group on Derivatives Holiday Trading" consisting of market participants to discuss the implementation of derivatives holiday trading in further detail, and the working group has discussed the matter for about ...

IHS Markit and Tokyo Stock Exchange to Combine Data, Creating a Unique Japanese Securities Finance Data Set | Japan Exchange Group Sep. 07, 2020 TSE IHS Markit and Tokyo Stock Exchange to Combine Data, Creating a Unique Japanese Securities Finance Data Set About IHS Markit Securities Finance About Tokyo Stock Exchange, Inc. Tweet IHS Markit Securities Finance and Tokyo Stock Exchange, Inc. (TSE), are combining mutually exclusive market data into a comprehensive and invaluable short selling and stock loan dataset. The combined IHS Markit and TSE dataset provides five years of historical data across 3,700 Japanese yen-denominated (JPY) equities – including inventory and lendable assets totaling 100 trillion yen and on-loan assets exceeding 12 trillion yen – with daily breakdowns of trading volume and trading value data(*) for all TSE-listed stocks. Mr. Keisuke Arai, director, information services at TSE explained, “We are excited to be working with and developing ...

The Cause and Measure of arrowhead System Failure | Japan Exchange Group Oct. 05, 2020 JPXTSE The Cause and Measure of arrowhead System Failure TSE would like to express our sincerest apologies to investors and the people related to the stock market for any inconvenience caused by the failure of the equity trading system, arrowhead, on October 1, 2020. Because the direct cause of the failure has been identified, we have already taken actions on the system side. For the details, please refer to the attached files. The Cause of the Recent Failure in arrowhead (Ref.) Internal Structure of Shared Disk Device Contact Tokyo Stock Exchange, Inc.　 TEL:+81-3-3666-0141 Back to list...

The Failure of Equity Trading System on October 1, 2020 | Japan Exchange Group Oct. 19, 2020 JPXTSE The Failure of Equity Trading System on October 1, 2020 TSE would like to express our sincerest apologies to investors and the people related to the market for any inconvenience caused by the failure of the equity trading system, arrowhead on October 1, 2020. TSE has published a report on the sequence of events surrounding the incident, the cause of the failure, and measures we will put in place to prevent a recurrence. In addition, with the aim of considering how it can develop its response to system failures and its rules and regulations to prevent a recurrence of this incident, TSE will establish a "Council for Recurrence Prevention Measures" comprised of market users. For the details, please refer to the attached files. Report on the Cash Equity Trading System Failure on Oct. ...