MAINS (MArket INformation System)

MAINS

Update : Mar. 24, 2014

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There are two ways that you can receive market information concerning market prices on TSE's market. You can either receive the information directly from TSE through a dedicated line, or you can obtain the data indirectly from authorized information vendors etc.

1.Subjects of License Agreement

Subjects of Information Provision and License Agreement

When you receive data directly from TSE, you are required to execute "Information Provision and License Agreement" with TSE.

Also, you are required to execute the Agreement when you distribute the TSE market information to the third party, even if you are receiving the information indirectly from authorized vendors etc. (You may not distribute TSE market information without TSE's approval.)

Subjects of End-User License Agreement

If you indirectly receive Real-Time Information in a manner which falls under any of the following cases (1) through (3) and use it internally, you are required to obtain approval from TSE by submitting "Application Form for License of Information Usage by End-User" by agreeing with "Terms and Conditions about Information Provision and Licensing for End-User.".


  • (1) When information vendors etc. which provide Real-Time Information do not technologically control the total number of your access rights to Real-Time Information;

  • (2) When you receive Real-Time Information in the TSE Co-Location(※) Facility;

  • (3) When TSE deems that you receive Real-Time Information in a manner equivalent to direct connection to TSE system (e.g. in the case that you receive Real-Time Information with TSE proprietary message format).



  • (※) Facilities provided by TSE as TSE Connectivity Service, including TSE datacenter and access points.




Please see here for the summary of the cases when you need to execute direct agreement with TSE.

Necessary agreement with TSE PDF

For TSE Co-Location Service, please refer to the below page for details.

For details about usage of TSE market information, please refer to the following documents:

Information Provision and License Agreement PDF
Terms and Conditions about Information Provision and Licensing for End-User PDF
Policies Regarding Usage of Market Information PDF

2.Flow of Contractual process

For Information Provision and License Agreement

The following process is normally followed when initiating a new Information Provision and License Agreement.

1. Initial hearing About 2 weeks
2.Execution of the Information Provision and License Agreement
3. Submission of Application for Connection to TSE Network About 2 months
4. Installation of the line
5. Commencement of the service

Flow of Procedures for Information Provision and Licnese Agreement PDF

It takes about two weeks from the initial hearing to the execution of the contract, and then two months or so before the subscriber starts receiving data. For subscribers obtaining the data indirectly from information vendors etc., step 3 and 4 are not necessary.

Application related to Information Provision and License Agreement needs to be submitted via Market Information Client System (MICS) below.

TOPIX license agreement may be additionally required when distributing TOPIX index data.

For End-User License Agreement

"Application Form for License of Information Usage by End-User" needs to be submitted via Market Information Client System (MICS) below. (It takes about two weeks to approve your application.)
For details of the process of End-User's Application, please see Flow of procedures for End-User License Agreement.

Flow of procedures for End-User License Agreement PDF

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Market Information Client System Manual PDF

3.Contents provided by MAINS

The Market Information System offers the following data.
Please also refer to the following documents.

(Reference) Summary of TSE Information Products PDF

  FLEX Standard
FLEX Light*1 FLEX Full*2
FLEX Full(WB)*3
Communication Protocol Full Duplex Communication
Issues Covered Tokyo (all issues excluding straight bonds and TOKYO PRO-BOND Market), other regional exchanges(*4)(all issues excluding bonds.) Tokyo (all issues excluding straight bonds and TOKYO PRO-BOND Market), other regional exchanges(*4)(all issues excluding bonds.)
Transmitted
Data
Real Time Data open/high/low/close prices (per session),trading volume, trading value, VWAP current price, trading volume, trading value, every quote price and size, number of orders at every price point, size and number of Conditional Close Orders at every price point
5 last sale prices, 8 best quote prices/sizes, accumulated quote sizes beyond 8th best quotes, parity, and theoretical price for warrant bonds
Pre-opening
session
issue information, base price of the relevant day, index value on previous business day -
once or twice a day open position (for derivatives) -
Post-afternoon
session
issue information, base price of the next day, open/high/low/close prices (per day) -
Indices Per
1second
TOPIX, TOPIX Core30, TOPIX 500, TOPIX 1000 -
Per
15seconds
Other TOPIX New Index Series listed above, TOPIX Sector Indices, TOPIX-17 Series, Size-based TOPIX Sub-Indices, TOPIX Style Index Series, Tokyo Stock Exchange Second Section Stock Price Index, Tokyo Stock Exchange Mothers Index, Tokyo Stock Exchange REIT Index, Ex-TOPIX, Tokyo Stock Exchange Composite Index Series, Indicative NAV, Tokyo Stock Exchange REIT Property Sector Index Series, Tokyo Stock Exchange Dividend Focus 100 Index, TOPIX Active in Asia Index, Tokyo Stock Exchange Mothers Core Index, TOPIX Leveraged Index, TOPIX Inverse Index, JASDAQ INDEX, JASDAQ INDEX(Standard), JASDAQ INDEX(Growth), J-Stock Index, JASDAQ-TOP20, Nikkei JASDAQ Stock Average -
Per
Update
High-Speed Indices, High-Speed Indices (Best Offer Quote) and High-Speed Indices (Best Bid Quote) of TOPIX, TOPIX Core30, TOPIX 500 (*5) -
Statistic data Periodic total trading volume and value by market section, VWAP, average stock price, market capitalization, average yield, the number of issues rising/declining, convertible bond statistics
Matching ratio, 30 biggest % movers in terms of trading volume, trading value and price change
-

  • (*1)FLEX Light provides "snapshot" of Real-Time data.
  • (*2)Base price information and Issue information which FLEX Standard transmits is available for FLEX Full or FLEX Full(WB) users.
    Concerning IP address, etc.. Please refer to the FLEX connection specification on FLEX Standard.
  • (*3)The same messages with FLEX Full through a wider bandwidth(1Gbps).
  • (*4)"Regional exchanges" refers to the Fukuoka, and Sapporo exchanges.
  • (*5)For High-Speed Indices etc., please also refer to the below announcements.


Enquiry

For more information

Contact

Tokyo Stock Exchange, Inc., Information Services
Tel: +81-50-3377-7859 (English 9:00am ∼ 5:00pm GMT+9)
e-mail : mains@jpx.co.jp

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