Subscription warrant securities
Trading
Update : Oct. 10, 2012
Subscription Warrant Securities (shinkabu-yoyakuken-shoken)
Trading of subscription warrant securities is conducted through arrowhead.
| Trading Hours |
9:00 - 11:30 12:30 - 15:00 (continuous auction) |
| Trading Unit | Same as stocks which will be granted upon exercise of subscription warrant securities (hereafter "underlying shares subject to exercise") |
| Tick Size |
Same table as underlying shares subject to exercise (Tick size is set based on the price of the subscription warrant securities.) |
| Types of Orders | Market orders and limit orders |
| Daily Price Limit |
Daily price limit of shares subject to exercise × No. of shares subject to exercise (bid/offer prices which have a fraction falling short of the tick sizes will be rounded up.) |
| Special Quote Renewal Price Interval |
Same table as underlying shares subject to exercise (Special quote renewal price interval is set based on the price of subscription warrant securities.) |
| Base Prices |
P: Base price A: Closing price of underlying shares subject to exercise on the day before initial listing of subscription warrant securities B: Amount to be paid for 1 share of underlying shares subject to exercise C: No. of shares subject to exercise allotted per share |
| Trade Execution |
Individual auctions for each issue (same as underlying shares subject to exercise) |
| ToSTNeT Trading | Available |
| Conditional Orders | Available |
| Types of Trading and Settlement Dates |
Regular transaction Cash transaction |