Tokyo Stock Exchange
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| Tokyo Stock Exchange | |
| |
| Founded | 1878 |
|---|---|
| Headquarters | Tokyo, Japan |
| Key People | Taizo Nishimuro, Chairman; Atsushi Saito, President & CEO; Yasuo Tobiyama, Executive Vice President, COO & CFO |
| Products | Japanese cash equities, JGB futures, TOPIX Index futures |
| Web site | http://www.tse.or.jp/english/ |
The Tokyo Stock Exchange is Japan's most active exchange for Japanese cash equities and derivative products and the second-largest stock exchange in the world after NYSE Euronext.[1] It is the home of Japanese government bond (JGB) futures and TOPIX futures. The TOPIX futures contract is the leading stock index futures product in Japan, with the largest open interest among Japanese stock index futures products. In 2007, TSE had an average volume of 2,294 million shares and an average daily trading value of JPY 3,070.3 billion.
Contents |
History
The Tokyo Stock Exchange traces its roots back to 1878 when a securities system was introduced in Japan for public bond negotiation. After passage of the "Stock Exchange Ordinance" in May of 1878, the Tokyo Stock Exchange Co., Ltd. was established on May 15, 1878 and trading began on June 1.[2]
Key People
Top management at the exchange is comprised of nine directors, four auditors, and nine executive officers. The exchange is headed by acting chairman and CEO Taizo Nishimuro.
Recent News
In April 2008, TSE and NYSE Euronext announced the introduction of Tdex+, a new trading system based on LIFFE CONNECT and AEMS technology and services, for its options trading market. The selection of LIFFE CONNECT and NYSE Euronext Advanced Trading Solutions followed the Tokyo Stock Exchange’s evaluation of electronic trading systems in use at major exchanges worldwide. Tdex+ is scheduled to start in the early first half of 2009.[3]
Contracts Listed
- TSE TOPIX futures
- TSE mini-TOPIX futures
- TSE TOPIX Core30 futures
- TSE TOPIX REIT Index futures
- TSE S&P/TOPIX 150 futures - TSE has decided to halt trading on new contract months for S&P/TOPIX150 Futures beginning with the June 2005 contract[4]
- TSE TOPIX options
- TSE Individual options
- TSE 10-year JGB futures
- TSE 5-year JGB futures
- TSE 10-year JGB futures options
- TSE 20-year JGB futures - December 2002 and subsequent contracts will not be started trading
- TSE 5-year JGB futures options - September 2002 and subsequent contracts will not be started trading[5]
Locations
The Tokyo Stock Exchange maintains regional representative offices in each of the three main financial regions: North America, Europe and Asia.
New York Representative Office, 45 Broadway, New York, NY 10006, USA
- tel: +1-212-363-2350
- fax : +1-212-363-2354
London Representative Office, 4 St. Paul's Churchyard, London EC4M 8AY
- tel: ＋44-（0）-20-7329-2155
- fax: +44-(0)-20-7236-0252
Singapore Representative Office, 16 Raffles Quay #11-02, Hong Leong Building, Singapore 048581
- tel : +65-6438-5100
- fax : +65-6438-5800
News
On Sept. 9 of 2008, it was announced that the Japan Securities Clearing Corporation, Japan Securities Depository Center, Inc. and Tokyo Stock Exchange, Inc. had set up a study group to solicit the opinions of a variety of market participants in an effort to examine potential post-trade services for over-the-counter OTC derivatives.[6]
Resources
Video of Tokyo Financial District
References
- ↑ Tokyo Turns to NYSE as Technology Adviser. Securities Industry News. Retrieved on April 29, 2008.
- ↑ History. Tokyo Stock Exchange. Retrieved on April 29, 2008.
- ↑ Tokyo Stock Exchange Chooses NYSE Euronext Technology for its Options Market. Tokyo Stock Exchange. Retrieved on April 29, 2008.
- ↑ Discontinuation of S&P/TOPIX150 futures. Tokyo Stock Exchange Group, Inc.. Retrieved on July 8, 2008.
- ↑ Dormancy of 20-year JGB futures and Options on 5-year JGB futures. Tokyo Stock Exchange Group, Inc.. Retrieved on July 7, 2008.
- ↑ Launching a Study Group on Post-trade Processing of OTC Derivatives Trades. Tokyo Stock Exchange. Retrieved on September 11, 2008.
