tokyo stock exchange
Mini documentary about the Tokyo Stock Exchange. Guided tour of Nihombashi,
The Tokyo Stock Exchange (東京証券取引所 Tōkyō Shōken Torihikijyo?), called Tōshō (東証?) or TSE for short, is located in Tokyo, Japan and is the third largest stock exchange in the world by aggregate market capitalization of its listed companies. The Tokyo Stock Exchange had 2,292 listed companies with a combined market capitalization of US$3.8 trillion as of Dec 2010.
History tokyo stock exchange
Prewar history tokyo stock exchange
The Tokyo Stock Exchange was established on May 15, 1878, as the Tokyo Kabushiki Torihikijo (東京株式取引所) under the direction of then-Finance Minister Okuma Shigenobu and capitalist advocate Shibusawa Eiichi. Trading began on June 1, 1878.
In 1943, the exchange was combined with ten other stock exchanges in major Japanese cities to form a single Japanese Stock Exchange (ja:日本証券取引所 Nippon Shōken Torihikisho?). The combined exchange was shut down and reorganized shortly after the bombing of Nagasaki.
Postwar history tokyo stock exchange
The Tokyo Stock Exchange reopened under its current Japanese name on May 16, 1949, pursuant to the new Securities Exchange Act.
The TSE runup from 1983 to 1990 was unprecedented, in 1990 it accounted for over 60% of the world's stock market capitalization (by far the world's largest) before falling precipitously in value and rankings today, but still remains one of the 3 largest exchanges in the world by market capitalization of listed shares.
The trading floor of the TSE was closed on April 30, 1999, and the exchange switched to electronic trading for all transactions. A new facility, called TSE Arrows (ja:東証アローズ Tōshō Arrows?), opened on May 9, 2000. In 2010, the TSE launched its Arrowhead trading facility. [5]
In 2001, the TSE restructured itself as a stock company: before this time, it was structured as an incorporated association (ja:社団法人 shadan hōjin?) with its members as shareholders.
wikipedia.org
Nihombashi - Financial District in Tokyo
Tokyo Exchange Struggles With Snarls in Electronics
TOKYO, Dec. 12 - What exactly is going on at the Tokyo Stock Exchange?
"I can't imagine problems like these happening at the New York Stock Exchange," said Neil Katkov, an analyst in Tokyo for Celent, a research firm based in Boston that specializes in financial technology. The Tokyo Stock Exchange, he said, "hasn't brought its procedures and technology up to the norms of international exchanges."
The latest electronic mix-up began last Thursday during the initial public offering of J-Com, a small recruiting company. An employee at Mizuho, a subsidiary of the Mizuho Financial Group, mistakenly typed an order to sell 610,000 shares at 1 yen, or less than a penny each, instead of an order to sell one share at 610,000 yen ($5,057) as intended, the brokerage said.
more
tokyo stock exchange site
http://www.tse.or.jp/english/
TSE Historical Highlights
| May 15, 1878 | "Tokyo Stock Exchange Co., Ltd." established. |
| Jun. 30, 1943 | "Japan Securities Exchange", a quasi-governmental organization, created by a merger of all existing stock exchanges in Japan. |
| Apr. 16, 1947 | "Japan Securities Exchange" dissolved. |
| Apr. 1, 1949 | "Tokyo Stock Exchange" in the present form founded (opened on May 16). |
| Jun. 1, 1951 | Margin transactions introduced. |
| Apr. 2, 1956 | Bond trading started. |
| Oct. 2, 1961 | Second Section for stocks opened. |
| Oct. 1, 1966 | Government bonds listed for the first time after World War II. |
| Oct. 2, 1967 | New auction process put into practice with abolition of "Baikai" trades (off-exchange trades by members reported as TSE contracts) |
| Apr. 1, 1968 | Licensing system for securities companies introduced in place of registration system. |
| Jul. 1, 1969 | TOPIX (Tokyo Stock Price Index) inaugurated (January 4,1968=100). |
| May 11, 1970 | Trading in convertible bonds started. |
| Oct. 15, 1970 | TSE joined the International Federation of Stock Exchanges(FIBV). |
| Jul. 19, 1971 | Book Entry Clearing System for stocks introduced. |
| Apr. 2, 1973 | Yen-based foreign bonds listed for the first time. |
| Dec. 18, 1973 | Foreign Stock Section opened. |
| Sep. 24, 1974 | Market Information System (MIS) put into operation. |
| Apr. 1, 1977 | Ad valorem brokerage commission system introduced. |
| Jan. 23, 1982 | Computer-assisted Order Routing & Execution System (CORES) introduced. |
| May 13, 1985 | Trading started in new market building. |
| Oct. 19, 1985 | Trading in 10-year Japanese government bond futures started. |
| Feb. 1, 1986 | 10 securities companies including first 6 foreign companies joined the TSE membership. |
| May 23, 1988 | 22 securities companies including 16 foreign companies joined the TSE membership. |
| Sep. 3, 1988 | Trading in TOPIX futures started. |
| Oct. 20, 1989 | Trading in TOPIX options started. |
| Dec. 1, 1989 | Trading in U.S. T-Bond futures started. |
| May 11, 1990 | Trading in options on Japanese government bond futures started. |
| Nov. 19, 1990 | 10 securities companies including 3 foreign companies joined the TSE membership. |
| Nov. 26, 1990 | Floor Order Routing and Execution System (FORES) introduced. |
| Oct. 9, 1991 | Central Depository & Clearing System began its operation. |
| Apr. 1, 1994 | Partial (over 1 billion yen) deregulation of brokerage commission was effected. |
| May 29, 1995 | Investment Trust Beneficiary Certificate linked to "Nikkei 300 Stock Index Listed Fund" listed. |
| Feb. 16, 1996 | Trading in 5-year Japanese government bond futures started. |
| Jul 18, 1997 | Trading in equity options started. |
| Jan. 23, 1998 | Trading in sector-stock price index futures started. |
| Apr. 1, 1998 | Partial (over 50 million yen) deregulation of brokerage commission was effected. |
| Apr. 2, 1998 | Calculation of new stock price index series started. |
| Jun. 29, 1998 | ToSTNeT introduced. |
| Jul. 1, 1998 | TDnet (Timely Disclosure Network) system introduced. |
| Dec. 1, 1998 | Abolition of restriction on off-exchange trading for listed securities. |
| Apr. 2, 1999 | 50th Anniversary Ceremony was held. |
| Apr. 30, 1999 | Stock trading floor was closed. |
| Jun. 1, 1999 | Target (TSE wide area network) introduced. |
| Oct. 1, 1999 | Liberalization of brokerage commission. |
| Oct. 1, 1999 | Abolition of the fixed number of members was effected. |
| Nov. 11. 1999 | The MOTHERS market for high-growth and emerging companies established |
| Mar. 1. 2000 | Hiroshima and Niigata stock exchanges merge into TSE |
| May 9. 2000 | Opening of TSE ARROWS |
| Nov. 1. 2001 | Tokyo Stock Exchange, Inc. established after demutualization of TSE |
| Jan. 14, 2003 | Commencement of operations at Japan Securities Clearing Corporation |
| Aug.1.2007 | Tokyo Stock Exchange Group, Inc. established |
| Oct.17.2007 | Establishment of Tokyo Stock Exchange Regulation |
Nov.1.2007 | Commencement of operations at Tokyo Stock Exchange Regulation |
Full story tokyo stock exchange
