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Trading | Japan Exchange Group Trading Hours Trading Hours Night Session Last Trading Day /Delivery Day Trading Methods Order Types, etc. Osaka Exchange Tokyo Commodity Exchange Immediately Executable Price Range Rule Price Limits/ Circuit Breaker Rule Margin What's Margin? Margin Deposited by Customers Margin Deposited by Participants Give-Up System Off-auction / Off-screen J-NET Trading Off-auction / Off-screen Trading on TOCOM Order Acceptance in case of System Failure J-NET Portal Flexible Trading Flexible Options Trading Flexible Futures Trading Holiday Trading Compression Trade Market Maker Program Other Trading Rules On-demand strike prices Non‐Cancel Period (NCP) Order to Trade Ratio（OTR） Hard Block Specifications and Operational Procedures...

Carbon Credit Market | Japan Exchange Group Based on the knowledge and market operation experience gained from the “Technical Demonstration Project for Carbon Credit Market” commissioned by the Ministry of Economy, Trade and Industry (METI) in FY2022, Tokyo Stock Exchange, Inc. (TSE) officially has opened the carbon credit market and begun trading on October 11th, 2023. Overview of Specifications Market Participants Rulebooks Inquiry Carbon Credit Market Office, Tokyo Stock Exchange　 E-mail:carbon_info@jpx.co.jp...

Clearing & Settlement | Japan Exchange Group Summary Clearing & Settlement Organization Shareholder Services and Book-Entry Transfer System for Foreign Stocks, etc. Reform of Securities Clearing and Settlement System Shortening of Settlement Cycle for Stocks and Other Securities (T+2)...

Council of Experts Concerning the Follow-up of Market Restructuring | Japan Exchange Group Minutes and Materials Consultation Paper Council of Experts Concerning the Follow-up of Market Restructuring 　 Summary of Discussions of the Follow-up Council and TSE's Future Actions Action to Implement Management that is Conscious of Cost of Capital and Stock Price (Prime and Standard Markets) Measures to Enhance the Functionality of the Growth Market Expiration of Transitional Measures Regarding Continued Listing Criteria To improve the effectiveness of the market restructuring, Tokyo Stock Exchange (TSE) established the “Council of Experts Concerning the Follow-up of Market Restructuring” that will continuously follow up on progress of measures and investors’ evaluation. The council will discuss additional measures regarding listed companies’ efforts to increase corporate value, handling of the grandfathered rules, and supply of capital to venture businesses, etc. Outline of Council of Experts Concerning the Follow-up of Market ...

Market Infrastructure for Listed Companies | Japan Exchange Group Improvements to TSE Listing System Standardization of Trading Units Standardization of Trading Units Past Initiatives Q&A on Standardization of Trading Units List of Companies that Changed the Number of Shares per Share Unit (Trading Unit) Survey Results Establishment of Listing System for Class Shares with Voting Rights IFRS (International Financial Reporting Standards) What is IFRS? Voluntary Application of IFRS (Current and scheduled) Initiatives at TSE toward IFRS Reporting Electronic Voting Platform, etc. Electronic Voting Platform Background of Introduction Overview of Services Benefits for Participants Efforts to Increase Participation Market Restructuring Overview of Market Restructuring Review of TSE Cash Equity Market Structure Study Group to review Minority Shareholder Protection and other Framework of Quasi-Controlled Listed Companies Study Group on the SPAC System Council of Experts Concerning the Revision of the Quarterly Disclosure System...

Support for Listed Companies | Japan Exchange Group Corporate Value-Focused Management Promoting Corporate Value-Focused Management Listed Company Award Seminars and Training Services Membership of Financial Accounting Standards Foundation Services Available to Streamline IR Operations Disclosure Forms and Documents to be Submitted Revision of Practical Guidance for Disclosure of Earnings Forecasts JPX English Disclosure GATE Availability of English Disclosure Information by Listed Companies English Disclosure via TDnet English Sample Disclosure Forms List of Terms in Japanese and English Practical Handbook for English Disclosure Interviews with Listed Companies Regarding English Disclosure Companies Supporting Overseas IR/Translation Survey Reports...

Listing on TSE | Japan Exchange Group About listing Benefits of Listing IPO center (Listing Consultation) Deep Tech & Biotech Listing Consultation Desk IPO Overview of IPO New Listing Guidebook Segment Transfers Overview of Segment Transfers New Listing Guidebook Seminars TSE Asia Startup Hub About TSE Asia Startup Hub List of Partners List of Companies List of Observers TSE Asia Startup Hub Partner Interview...

Listing (Domestic Stocks) | Japan Exchange Group Listing Initial Listing Criteria Segment Transfers Continued Listing Criteria Outline of Continued Listing Criteria Details of Continued Listing Criteria Delisting Criteria Outline of Delisting Criteria Details of Delisting Criteria Code of Corporate Conduct Enforcement Measures Rules for Securities on Special Alert Rules for Improvement Reports Rules for Public Announcement Measures Rules for Listing Agreement Violation Penalty Timely Disclosure System Overview of Timely Disclosure Corporate Information required for Timely Disclosure Examinations pertaining to Disclosure of Corporate Information Overview of TDnet Application of XBRL to Timely Disclosure Information Guidebook for the Timely Disclosure of Corporate Information Enhancing Corporate Governance Corporate Governance Code Follow-up Council Corporate Governance Report TSE Listed Companies White Paper on Corporate Governance Principles of Corporate Governance for Listed Companies Independent Directors/Auditors Securing Independent Directors/Auditors Appointment of Independent Directors/Auditors Reduction of Investment Unit / Mechanism and Effects of Share Split Reduction ...

Products | Japan Exchange Group Stocks (Domestic Stocks) Foreign Stocks Overview Listing Trading Listed Issues TSE Single Listing Foreign Companies English-language Disclosure System ETFs Overview (ETFs) Explanation of Indices/Indicators Actively Managed ETFs Risks Listed Issues - ETFs Listed Issues - Leveraged and Inverse Products Information on Base Values Indicative NAV/PCF Trading Delisted Issues Monthly Report, etc. ETF Management Companies Guidelines for Listing For Large Investors Market Making Incentive Scheme Statistics of ETF Quoting & Trading Japan-China ETF Connectivity RFQ Platform ETNs Overview (ETNs) Explanation of Indices/Indicators Risks Listed Issues - ETNs Listed Issues - Leveraged and Inverse Products Information on Redemption Values Indicative NAV Trading Delisted Issues Monthly Report, etc. ETN Issuers Guidelines for Listing For Large Investors REITs Overview Listing Trading Listed Issues Delisted Issues Financial Reports Timely Disclosure Rules J-REIT Guidebook Venture Funds Overview Risks Listing Trading Listed Issues Delisted Issues Timely Disclosure Rules Country Funds Overview Listed ...

Trading (Domestic Stocks) | Japan Exchange Group Trading Rules of Domestic Stocks Overview Trading Hours Types of Transactions Trading Unit Transaction Methods Special Quotes Parameters Daily Price Limits Tick Size ToSTNeT Market Overview Types of Trading Details of ToSTNeT Trading Others Restrictions on Trading Administrative Restrictions Margin Trading Restrictions Short Selling Restrictions When-Issued Transaction Acquiring Own Company Shares Canceling Executed Transactions Outline Summary of the Rules Points to Consider with Regard Margin Trading Overview of Margin Transactions Treatment of Rights in Standardized Margin Trading Selection and Disqualification of Standardized/Loan Margin Trading Issues Restrictions on Margin Trading and Loans for Margin Trading Trading resumption through a system reboot Strengthening the Functions of the Cash Equity Market...