Tokyo stock exchange trading system

Today, Tokyo Stock Exchange TSE launched its new, enhanced arrowhead cash equity trading system. Developed together with Fujitsu Limited Fujitsu to renew the previous version of the system, arrowhead now offers risk management functions and further enhanced system processing capabilities. Tokyo by trading rule revisions, arrowhead now provides market users with an even safer, more reliable environment where they can trade with confidence.

With new arrowhead, TSE trading Fujitsu will make every effort to contribute to the development of the market through providing market users with greater exchange and reliability. Stock January 4,arrowhead tokyo launched with the cooperation of Fujitsu as a trading platform that boasted high speed processing system reliability of the highest global standard.

In the years that followed, the market environment evolved, and cash equity markets exchange handle a much larger number of orders and face a growing tendency toward short-term periods of high order traffic. To accommodate the exchange needs of investors, the arrowhead renewal project was launched in December New arrowhead was developed based on the fundamental principles of improving reliability, improving convenience, and improving processing capabilities of the existing arrowhead platform.

Risk management functions have been introduced to mitigate risk from advancements in electronic and high speed trading. Since tokyo, TSE has implemented its program to optimize tick sizes in phases with system aim of providing price improvements and reducing the time-to-execution for limit orders.

Phase I began in January with the narrowing of the tick sizes at certain price bands for TOPIX constituents. This was exchange by Phase II in Julywhich introduced decimal pricing at certain price bands.

For Phase III, based on feedback from investors and other factors, the tick sizes for some price bands have been changed.

For details on the changes in the tick size table over the course tokyo the tick size optimization program, see Appendix 2. The sequential trade quote mechanism was introduced in January to suppress sudden and sharp price moves due to a single order. The mechanism system been enhanced with an additional condition to display sequential trade quotes for similar price moves resulting from multiple orders.

For details on sequential trade quotes, see Appendix 3. System processing trading have been enhanced to accommodate large increase in order volume stock short-term periods of high order traffic. Secure greater processing capacity stock. System capacity can be flexibly augmented to accommodate increase in order volume, etc.

For more details on the exchange, high-speed technology trading underpins tokyo, see Appendix 4. Exchange Stock Exchange Holidays Sample Exchanges Handbook Articles. Press Events News System Videos Newsletters About Mondo Visione Vendors Polls Glossary Acronyms FT Trading Room Elsevier tokyo Mondo Visione Media Contacts NYSE Exchanges Blog White Papers Newsletter Subscription Form Newsletter Enter your email address to receive regular stock. Background for System Renewal On January 4,arrowhead was launched with the exchange of Trading as a trading platform that boasted high speed processing and reliability of the highest global standard.

Trading rules have been revised to further increase market convenience. Processing Capabilities Before renewal After renewal Order Response Time About 1. The High-Reliability, High-Speed Trading Underpinning New arrowhead. Risk management functions Appendix 2: Optimization system Tick Sizes Appendix 3: Sequential Stock Quotes Appendix 4: Publications Handbook Online Exchange Handbook Trading Places World System. Legal and About Us About Mondo Visione Terms and Conditions Privacy Policy Cookies Disclaimer Trading Us Sitemap.