Tokyo Stock Exchange, Inc., based on recent market movements and with a view to prevent the spread of rumors and other market abuses, has outlined the actions it will take to strengthen its market surveillance. A description of these actions follows below.
Actions for Strengthening Market Surveillance
- Strengthening Trading Surveillance
TSE will effect more flexible and detailed surveillance on price movements near the close, making stricter the price criteria that activate surveillance. TSE will conduct increased surveillance on transactions near the close as determined necessary by trading and settlement. - Strengthening Information Collection
To strengthen the surveillance of rumors, etc. that follow declining prices, TSE will take measures to improve its systems, such as temporarily increasing its staff in charge of internet bulletin board surveillance. - Enhancing Gathering and Analysis of Overseas Investors
TSE will collect more information of orders from overseas investors through securities companies and foreign exchanges. - Strengthening Ties with the Securities and Exchange Surveillance Commission
TSE will strengthen its ties with the Securities and Exchange Surveillance Commission through detailed information exchange on unnatural trading and suspicious information, and other activities.
Responding to Close-price Guaranteed Transactions
TSE will publish guidelines on close-price guaranteed transactions for use in securities companies that receive and execute such trades.
Click here for "Measures for Ensuring Proper Operations of Stock Markets" document.