Individual Options

ToSTNeT Trading

Update : Nov. 19, 2011

ToSTNet Trading for Individual Options

Outline : ToSTNet Trading for Individual Options

Contracts	Same as Auction trading
Trading Hours	8:20 - 16:00
Minimum Tick Size	¥0.1 (¥1 for the odd number of underlying trading unit)
Price Range	ToSTNeT trading base price* ±5% of the last execution price of the underlying security in auction. * "ToSTNeT trading base price" is the Theoretical Price calculated from the subjected underlying security' latest execution price in auction trading.
Minimum Trading Unit	1 Trading Unit
Circuit Brake	When Circuit Brake is executed for the underlying
Open Interest / Settlement	Open interest generated by ToSTNeT transactions will be consolidated with that of the auction market. Thus, margin and mark-to-market requirements and notification of resale/repurchase for open interest for ToSTNeT transactions are also consolidated with those of the auction market.