Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Osaka Securities Exchange: Introduction Of Non-Auction Large Block Trading System For Equity Options

Date 26/12/2006

Based on the recent increase in trading volume of Equity Options, Osaka Securities Exchange Co., Ltd. (OSE) has decided to introduce Non-Auction Large Block Trading System for Equity Options, in order for institutional investors, etc. to conduct large block trading for Equity Options while avoiding a market impact.

1. Outline

(1) Trading hours
- 8:20 to 16:00 (to 12:00 noon on a half-trading day)

(2) Trading Method
- Trading through OSE Trading Platform

(3) Quotation
- Integral multiples of 0.5 yen

(4) Minimum Trading Unit
- 100 units

(5) Others
- Same as Non-Auction Large Block Trading System for Nikkei 225 Options

2. Target Date for Introduction

- February 26, 2007 (planned)