A variety of investors - individuals, institutions, securities companies, etc - have participated in the markets established by Tokyo Stock Exchange, placing orders according to their own needs and preferences. The supply and demand of orders assembled in the market in this manner are integrated, from which appropriate securities values are formed. The TSE is therefore expected to be a free and open market, where sound securities investment can be made. It is also expected to conduct appropriate management in full consideration of conditions not only within Japan, but also overseas. To respond to such expectations, our most important task is ensuring fairness and transparency in trading. Were unfair transactions to be left unchecked, fair price formation would be distorted, unexpected damage would be suffered by investors, and the overall credibility of securities markets would be lost.
As a securities exchange market operator, we have managed the TSE market for fair and smooth securities transactions. This pamphlet will help investors understand how our market's fairness has been maintained by explaining how we prevent and detect unfair trading, how we maintain market fairness, and how investors participate in the market without the danger of unfair trading.
You can trust our market.
Compliance Report
