Tokyo Stock Exchange, Inc. (TSE) will expand the trading hours for index futures and options by introducing an “Evening Session” scheduled for May 2008. In doing this, the TSE intends to further energize and enhance the convenience of its derivatives market (TDEX) by responding to domestic institutional investors’ after-hours trading needs, while at the same time promoting further participation by non-Japanese investors.
Index futures and options trading hours after the introduction of the Evening Session
1.Auction
| Current | Revised | |
|---|---|---|
| Morning Session | 9:00am. - 11:00am. | 9:00am. - 11:00am. |
| Afternoon Session | 12:30pm. - 3:10pm. | 12:30pm. - 3:10pm. |
| Evening Session | N.A. | 4:30pm. – 7:00pm. |
2. Non-Auction
| Current | Revised | |
|---|---|---|
| Daytime | 8:20am. – 4:00pm. | 8:20am. – 4:00pm. |
| Evening Session | N.A. | 4:30pm. – 7:10pm. |
After asking for public comment on the plan from Nov. 27 to Dec. 27, the TSE will determine the specific details of the framework.
