Update : Sep. 07, 2012
The TOKYO PRO-BOND Market allows bonds to be traded either through the exchange or over-the-counter.
The TOKYO PRO-BOND Market provides a trading system as outlined below.
|Trading Days||Every day with the exception of non-business days (Sundays, national holidays, national holidays observed the preceding or following day, Saturdays, January 1 -3, and December 31).|
|Trading Hours||Order acceptance and trading hours are 12:30 to 15:00.|
Trading session and trading method
Trades are conducted in order of offer time and price; intraday trading only.
Trading other than trading via the trading system.
|Minimum Tick||Yen-denominated bonds are traded at 0.01 points per 100 yen of face value, and foreign-currency-denominated bonds at 0.01 points per 100 points.|
|Announcement of contract price||Announcements are made once a day on the website of the Exchange. (Trading values for foreign-currency-denominated bonds are also converted into yen.)|
•Settlements for trading in corporate bonds completed on PRO-BOND are made through the Japan Securities Clearing Corporation. Clearance and settlement of foreign-currency-denominated bonds is made at the trading value converted into yen by the Exchange.
•Securities settlements are conducted through the Japan Securities Depositary Center, Inc. (JASDEC).