Abstract
In Chapter 1 we provide an overview of trading at the First and Second Sections of the Tokyo Stock Exchange. We discuss how investors can send bid-ask orders to the TSE and outline how these orders are executed. We also explained the arrowhead trading system, implemented January 2010; by reading our example of the market clearing process, readers should become familiar with TSE trading systems. Then we summarize relevant financial characteristics of the firms listed on both sections of the TSE.
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© 2015 Keiichi Kubota & Hitoshi Takehara
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Kubota, K., Takehara, H. (2015). Introduction to the Trading System at the Tokyo Stock Exchange. In: Reform and Price Discovery at the Tokyo Stock Exchange: From 1990 to 2012. Palgrave Pivot, New York. https://doi.org/10.1057/9781137540393_1
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DOI: https://doi.org/10.1057/9781137540393_1
Publisher Name: Palgrave Pivot, New York
Print ISBN: 978-1-349-50700-9
Online ISBN: 978-1-137-54039-3
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)