Update : Apr. 28, 2011
Tokyo Stock Exchange Group, Inc. (hereafter "TSE Group") will donate an amount equivalent to the trading fees paid to Tokyo Stock Exchange, Inc. (hereinafter "TSE") for trading in ETFs(*1) and ETNs(*2) in support of recovery from the Great East Japan Earthquake. This decision was made after consideration of measures to allow market participants to contribute to the recovery efforts through the market.
TSE Group has already made a donation to recovery efforts and flexible application of listing rules are currently being implemented for disaster-affected listed companies as well as prospective listed companies. In addition to these independent efforts, as a market operator, TSE Group has examined ways to involve market participants in our contribution to the recovery.
ETFs are simple products with price movement that is easy to understand, have the effect of diversifying an investment portfolio, and can be traded easily with small amounts of funds by a wide variety of investors, from those new to investment to professional investors. Furthermore, thanks to the efforts of many ETF providers, etc., the product lineup on the TSE ETF market reached the landmark of 100 listed issues in the last fiscal year and continues to grow today. TSE decided to donate the amount equivalent to the trading fee from ETF trading during the period from April through September 2011 in our continued efforts to aid recovery. This will enable TSE to do our part in a combined effort together with a broad spectrum of market users including investors. In addition, the trading fees from ETN trading will also be donated after the listing framework and system for ETNs has been established.
TSE Group will continue to strive to broaden the ETF and ETN product lineup and increase the convenience of the market for all investors.
Corporate Communications Department
Media Relations Group