Tokyo Stock Exchange, Inc. (TSE) introduced an ETF Market Making Incentive Scheme in order to improve liquidity in the ETF market in July 2018. In light of the recent listing of a wide variety of issues, leveraged and inverse products will be added to the scheme in order to promote the supply of liquidity in a wider range of issues.

The revisions are expected to result in deeper liquidity for the ETF market while facilitating swift trading at fair prices. More details can be found in the appendix.

TSE remains committed to promoting the growth of a convenient market for investors.

☞ Revision of ETFMM scheme from Feb. 2023