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February 2011

Update : Feb. 28, 2011

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February 2011

1. Expansion of Trading Hours (from May 9, 2011)

The revision to the rules related to the expansion of trading hours was approved at the board of directors meeting on February 22, 2011. Upon approval by the Commissioner of Financial Services Agency, TSE will begin trading in line with the new trading hours on Monday, May 9.

Specifically, TSE will move down the current closing time of the morning session from 11:00 am to 11:30 am for the cash market.

With regard to the derivatives market, TSE will also move down the closing time of the morning session for index futures and options trading by 30 minutes so that they coincide with that of the cash market. At the same time, TSE will move up the opening time of the afternoon session from 0:30 pm to 11:45 am.

2. Revisions to Trading Rules and Operations to Strengthen Market Functions

In conjunction with the expansion of trading hours, TSE will reduce the period of a trading halt from the current 30 minutes to 15 minutes and the time to renew a Special Quote from the current 5 minutes to 3 minutes.
TSE will also make partial revisions to the range of bids/offers in the ToSTNeT market.

For more information:

3. Launch of TSE High-Speed Index Service - TOPIX distributed on the Millisecond Level (from February 28, 2011)

TSE will launch a new "High-Speed Index Service" on Monday, February 28 in addition to the current service in which the TOPIX and other price indices are disseminated every second. The indices in the new service will be calculated with each price change in a constituent stock and disseminated on the millisecond level.

For more information:

4. TSE to List Landmark 100th ETF (Exchange Traded Fund)

TSE will list "Listed Index Fund Nikkei China Related 50" on March 10. With this listing, there will be a total of 100 ETFs listed on the Tokyo market. Currently, TSE lists ETFs related to domestic stock indices and those backed by a variety of assets such as foreign stocks (including emerging countries), commodities (including precious metals and energy), and real estate.

For more information:

5. Reducing the Minimum Tick Size for Single Stock Options

TSE will reduce the minimum tick size for single stock options from 0.5 yen to 0.1 yen to improve investor convenience and expand trading opportunities.

For more information:

<<Press Conference>>

For notes from the press conference (by Mr.Atsushi Saito, President & CEO, Tokyo Stock Exchange Group, Inc., on February 22nd, 2011), please refer to the following PDF.


Press Conference Notes for February 2011 PDF

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