Tokyo Stock Exchange: Start Of TOPIX Options Liquidity Provider System (LP System) And Discount Campaign For The TOPIX Options Trading Fee

The TSE will introduce the TOPIX Options Liquidity Provider System (LP system) on June 1st.

Roles of LP is providing Ask/Bids on some series of TOPIX Options and contributing to enhancing liquidity of TOPIX Options. The TSE will refund 25% of the trading fee to LP performing certain function.

In addition to this, discount campaign for the TOPIX Options trading fee will start as follows.

• Trading fee of TOPIX Options is free.
• JPY 50 of the TOPIX Futures trading fee will be refunded per trading unit for TOPIX Options. (Dual Discount)

For details, please refer to following news released on March 25th. Introduction of TOPIX Options Liquidity Provider System (TSE News 2008/3/25)