ETFs
Trading
Update : Nov. 24, 2011
Trading Rule
Trading rule is same as ordinary domestic stock.
- Trading hour >>> 09:00-11:30, 12:30-15:00
- Kinds of transactions >>> Regular(T+3) or Cash(T+0)
- Types of orders >>> Limited order and Market order
- Tick size, Daily price limit >>> same as ordinary stock
- - Assuming TOPIX is 1300 and market price of the fund is closely related, tick size is 1301,1302, 1303yen.
- - Assuming previous day's closing price of TOPIX ETF is 1300, daily price limit is 1100yen and 1500yen.
- Trading unit >>> the number of shares which constitutes one unit is determined in each ETFs
- Trading method >>> Itayose method and Zaraba method
Margin and Loan Transaction
- Margin and loan transaction is available.
- In principal, margin transaction is available from the listing date. If possible, loan transaction is available at the same day.
Exemption of Purchasing Regulation
- A securities company who acts as an agency of the Take Over Bid (TOB) is prohibited to purchase stocks subject to such a TOB by its house account. In case of public offering, the underwriter is also imposed the same regulation.
- However, purchasing for arbitrage or hedge trading for ETFs and Index futures are exempted.
- Trading