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Transaction Methods | Trading Rules of Domestic Stocks | Japan Exchange Group Order types Principle of price priority and time priority Methodology of Individual auctions Closing auction session Overview Trading Hours Types of Transactions Trading Unit Transaction Methods 　 Special Quotes Parameters Daily Price Limits Tick Size Basically there are two types of orders available on the TSE equities market: limit orders and market orders. Market Orders Market orders are orders by investors who want to "sell or buy at any available price" Limit orders Limit orders are orders at specific prices, meaning that investors have stated that they want to "buy at not more than XX yen, or sell at not less than XX yen". There are some specific execution conditions which may be attached to orders. On open Orders to be executed only during the opening auction On close Orders to be executed only during the closing auction Funari Limit orders ...

Special Quotes Parameters | Trading Rules of Domestic Stocks | Japan Exchange Group Overview Trading Hours Types of Transactions Trading Unit Transaction Methods Special Quotes Parameters 　 Daily Price Limits Tick Size A special quote is indicated whenever prices look likely to jump beyond a certain price range (special quote parameter) from the last execution price, to prevent short-term wild price fluctuations. For more details about "Special Quote", please refer "Transaction Methods" Transaction Methods Last Special Quote (yen) Parameters (yen) Less than 200 ±5 Less than 500 8 Less than 700 10 Less than 1,000 15 Less than 1,500 30 Less than 2,000 40 Less than 3,000 50 Less than 5,000 70 Less than 7,000 100 Less than 10,000 150 Less than 15,000 300 Less than 20,000 400 Less than 30,000 500 Less than 50,000 700 Less than 70,000 1,...

Daily Price Limits | Trading Rules of Domestic Stocks | Japan Exchange Group Overview Trading Hours Types of Transactions Trading Unit Transaction Methods Special Quotes Parameters Daily Price Limits 　 Tick Size TSE sets a price range, known as the "Daily Price Limit", within which price fluctuations are limited in a single day. Daily Price Limits are set in absolute yen basically according to prices such as the previous day's closing price (Base Price). Under the current TSE rules, daily price limits are, in principle, broadened on the following business day (the third business day) if either of the following conditions is met for two consecutive business days: (1) The price reaches the upper (or lower) limit, no "closing auction at the limit price"* is carried out and trading volume remains zero; or (2) There are no shares traded until the end of the afternoon session, but some shares are traded at ...

Tick Size | Trading Rules of Domestic Stocks | Japan Exchange Group TOPIX500 Constituents (TOPIX100 and TOPIX Mid400 Constituents) ETFs, etc. with a trading unit of one unit (ETFs, ETNs, and leveraged products) Other Issues Overview Trading Hours Types of Transactions Trading Unit Transaction Methods Special Quotes Parameters Daily Price Limits Tick Size 　 The price increment at which an order to buy or sell is placed is called the tick size. Tick sizes are shown in the table below, depending on the issue to be traded and the price level of the issue. Price per share (yen) Tick Size (yen) up to 1,000 0.1 up to 3,000 0.5 up to 10,000 1 up to 30,000 5 up to 100,000 10 up to 300,000 50 up to 1,000,000 100 up to 3,000,000 500 up to 10 million 1,000 up to ...

Margin Trading Restrictions | Restrictions on Trading | Japan Exchange Group Administrative Restrictions Margin Trading Restrictions 　 Short Selling Restrictions Please refer to the following page for regulations on margin trading. Regulatory Measures, etc., Concerning Margin Trading...

Short Selling Restrictions | Restrictions on Trading | Japan Exchange Group Overview Marking requirements Price Restrictions(Up-tick rule) Position reporting obligations Exemption from short selling restrictions Short selling restrictions regarding public offering Administrative Restrictions Margin Trading Restrictions Short Selling Restrictions 　 Short selling is the sale of financial instruments that are not owned by the seller, or that the seller has borrowed. Sale on margin is a kind of short selling, but the concept of short selling is broader including sale of borrowed financial instruments other than margin trading. Selling Long selling Sale of securities that are owned by the seller Short selling Short selling other than margin trading Sale of securities borrowed through negotiations or agreements with shareholders Short selling on margin Sale of securities that the seller has borrowed from security companies. Marking requirements, price restrictions, short sales position reporting obligations are imposed to short selling orders according to Financial ...

Types of Trading | ToSTNeT Market | Japan Exchange Group Overview Types of Trading 　 Details of ToSTNeT Trading Others Single Stock Trading (ToSTNeT-1) Investors are able to trade the minimum trading unit or more of a single stock with a designated counterpart (a trading participant) within 7% above or below the last price in the regular trading session (in case the amount obtained by multiplying the last price in the regular trading session by 7% is below JPY5, the range will be JPY5 above or below the last price in the regular trading session). The trading participant must specify matching conditions such as the counterpart (trading participant name), name of the stock, number of shares and the settlement date. Orders are executed when price quotations match (cross orders from the same trading participant are immediately executed at the quoted price). With ToSTNeT-1, investors can minimize the impact of large orders ...

Details of ToSTNeT Trading | ToSTNeT Market | Japan Exchange Group Overview Types of Trading Details of ToSTNeT Trading 　 Others Types of Trading Single Stock Basket Closing Price Off-Auction Own Share Repurchase VWAP Guarantee Trading 1 / VWAP Target Trading 2 / VWAP Trading between agency orders 3 Eligible Stocks Domestic stocks, foreign stocks, ETFs, REITs and CBs Domestic stocks, foreign stocks, ETFs, REITs and CBs Domestic stocks, foreign stocks, ETFs, REITs and CBs Domestic stocks, foreign stocks, ETFs, REITs and CBs Domestic stocks, foreign stocks and REITs Hours 8:20am-6:00pm (*) Until 12:30pm for T+1 8:20am-9:00am Previous day VWAP (VWAP target N/A) 11:30am-12:30pm Morning session VWAP 3:30pm-6:00pm Afternoon session/All day VWAP (*) Until 12:30pm for T+1 8:20am-6:00pm (*) Until 12:30pm for T+1 8:20am-8:45am 11:30am-12:15pm 3:30pm-4:...

Others | ToSTNeT Market | Japan Exchange Group Overview Types of Trading Details of ToSTNeT Trading Others 　 IPO stocks are not eligible for ToSTNeT trading until the first price has been determined in the regular trading session. ToSTNeT stocks are subject to trading halts if the trading halt occurs in the regular trading session and/or there is important corporate information that needs to be disseminated. Please refer to the link below for more information on own share repurchases using ToSTNeT-2 or ToSTNeT-3. Acquiring own company shares through the TSE market...

TSE IR MOVIE SQUARE | Japan Exchange Group Regarding the channel (Disclaimer) Pick Up Movie List of IR Clips 　 Code Issue Name Title Clips 7238 AKEBONO BRAKE INDUSTRY CO.,LTD. Akebono Brake Group Corporate Video 6952 CASIO COMPUTER CO.,LTD. Company introduction of CASIO COMPUTER CO.,LTD. 7616 COLOWIDE CO.,LTD. COLOWIDE CO., Ltd. Corporate Video 4674 CRESCO LTD. CRESCO LTD.「Corporate Profile Video 2016」 4674 CRESCO LTD. CRESCO LTD.「Message from the President 2016」 6383 DAIFUKU CO.,LTD. Daifuku Corporate Profile 4631 DIC Corporation Introduction of DIC 3469 Dualtap Co.,Ltd. Dualtap Co., Ltd. Corporate Introduction 9722 FUJITA KANKO INC. Fujita Kanko Group Promotion Video 6890 Ferrotec Holdings Corporation Ferrotec IR Video 2020 English 6890 Ferrotec Holdings Corporation Ferrotec IR Video 2018 English 6501 Hitachi,Ltd. Hitachi, Ltd.,Briefing on the 2018 Mid-term Management Plan 3237 INTRANCE CO.,LTD. INTRANCE Corporate: Business Overview 2337 Ichigo Inc. Ichigo Group Holdings: ...