Management of trading for the foreseeable future will be conducted
as below beginning tomorrow:
1. Request for order consolidation
We request that investors and concerned parties consolidate
orders - including program orders - as much as possible when placing
them at TSE.
2. Delay of opening of afternoon trading session
For the foreseeable future, the afternoon trading session will
begin at 1:00 p.m. However, the time at which orders will start
to be taken (12:05 p.m.), and the closing time of the session (3:00
p.m.) will not be changed.
ToSTNeT transactions will be conducted as normal.
3. Method of response when there is a sharp increase in orders
and executions
Should the number of orders exceed 8,500,000 or the number of
executions exceed 4,000,000, interference with the continuity of
system processing may occur. In this case, after issuing a notification,
TSE will temporarily suspend trading of all equity, convertible
bond, and exchange bond issues.
Also, the base price used to determine tomorrow's daily price limit (January 19) will be the last price nearest the time at which today's trading was suspended (in the case a special quotation is displayed, the relevant special quotation price).
We at the Tokyo Stock Exchange are determined to continue our efforts in increasing the capacity of our system in the future. We ask for your kind support in this endeavor.
Taizo Nishimuro
Chairman & CEO
Tokyo Stock Exchange
This English version announcement is not an officially accurate translation of the original Japanese announcement. In the case where any differences may occur in the English version, the original Japanese announcement will prevail. TSE shall not accept any responsibility for damages caused by any errors, inaccuracies, misunderstandings or misspelling with regard to the translation of the announcement. This announcement may be used only for reference purposes. Tokyo Stock Exchange, Inc. maintains the right to claim compensation from violators for any damages it may suffer from the violation of these conditions.
