Strengthening the Functions of the Cash Equity Market

TSE

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August 16, 2023 4 min read
Strengthening the Functions of the Cash Equity Market

Tokyo Stock Exchange, Inc. (TSE) recognizes the need to respond to changes in the market environment and the diversifying needs of investors, while also further improving convenience for market users, international competitiveness, and resilience. To tackle these issues, in May 2021, TSE established the Working Group for Strengthening the Functions of the Cash Equity Market. Based on the discussions of the Working Group, TSE then published the Action Program for Strengthening the Functions of the Cash Equity Market in October 2021.

As described in the Action Program, to strengthen the functions of the cash equity market, TSE plans to extend trading hours by 30 minutes and introduce a closing auction in conjunction with the update of the cash equity trading system (arrowhead).

The system update is currently being prepared for implementation on November 5, 2024.

2021/05/18 Establish the Working Group for Strengthening the Functions of the Cash Equity Market
2021/10/27 Publication of Action Program for Strengthening the Functions of the Cash Equity Market

(note)
・Please refer to the links at the end of the page for information published by various industries in connection with the extension of trading hours.

(Reference)Trading Hours of Markets After Extension

Cash Equity Market

Derivatives Market

Information on Revision of Rules

2023/05/11 Revisions to Trading Rules for Strengthening Functions of Cash Equity Market in Connection with Launch of Next Generation Trading System (Tokyo Stock Exchange)
2023/05/11 Change in Derivatives Market Trading Hours in Connection with Extension of Trading Hours at TSE
(Osaka Exchange)
2023/05/11 Change in Derivatives Market Trading Hours in Connection with Extension of Trading Hours at TSE
(Tokyo Commodity Exchange)
2022/09/28 (Japanese Only) Response to Changes in Trading Hours, etc. (Nagoya Stock Exchange)
2022/11/09 (Japanese Only) Changes in Loan Application Hours, etc., Due to the Extension of Trading Hours of Tokyo Stock Exchange, Inc. (Japan Securities Finance)
2023/06/15 (Japanese Only) Revisions to Trading Rules for Market in Connection with Launch of Next Generation Trading System (Sapporo Securities Exchange)
2023/06/26 (Japanese Only) Revisions to Trading Rules for Market in Connection with Launch of Next Generation Trading System (Sapporo Securities Exchange)

These information on this page is as of 2023/06/21. Please refer to the following (JPX website) for more details and future updates.
https://www.jpx.co.jp/english/equities/strengthening/index.html