TSE News
Introduction of TOPIX Options Liquidity Provider System
Mar. 25, 2008 update
[Tokyo Stock Exchange, Inc.]
1. TOPIX Options Liquiduty Provider System
(Scheduled for June 1st)
The TSE will launch the TOPIX Options Liquidity Provider system for the purpose of increasing liquidity in the TOPIX options market.
| A) Provide a bid / ask offer for over 6 issues from the nearest 2 contract months |
| B) Provide at least 1 bid / ask offer for each issue |
| C) Provide bid / ask offers for 50% or more of the trading hour period (approximately, for each of the morning & evening sessions) |
Note:The TSE may reduce the trading hours based on the LPs' application should the LP be unable to quote bid / ask offers due to unavoidable circumstances such as their system trouble, etc.
The TSE will refund 25% of the trading fee should the LP meet the above conditions for over 90% of the month
2. Campaign for revitalization of the TOPIX options market
(Scheduled for June 1st)
The TSE will discount the TOPIX options trading fee as follows in order to revitalize the TOPIX options market.
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Contact
Derivatives
Tokyo Stock Exchange, Inc.
TEL: 03-3665-1385
E-mail : derivatives@tse.or.jp