Derivatives

Expansion of Trading Hours

Update : Nov. 17, 2011

1. Trading Hours

TSE's trading hours are relatively short compared to those of other exchanges, and there have been requests to extend them. An extension of the trading hours will be implemented on November 21, 2011 in order to provide larger trading opportunities to wide base of investors.
The trading hours following the expansion are as indicated below.

• (*)*The Closing Auction refers to the order acceptance period for the Closing Uncrossing after the end of futures continuous auction. Closing Uncrossing processing only occurs at the end of the Closing Auction

2. Status Outline

Statuses are divided into 3 types indicating the different functions that are available depending on the time period. The primary functions available in each status are as shown below.

Outline of Functions for Each Status

	Pre-Open	Open	Closing Auction
New Order	△ (*1)	○	△ (*1)
Revise Order	○	○	○
Cancel Order	○	○	○
Execution	×	○	△ (*2)

• (*1)Market orders or orders with conditions (IC, CV, and MV) cannot be placed
• (*2)Matching via Uncrossing will only be conducted at the end of the Closing Auction for futures trading (excluding strategy trading)

• Order Condition Types