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Despite today's trading session for shares of Livedoor Co., Ltd. (Code 4753) being limited to 1:30 p.m. to 3:00 p.m., the number of orders and executions made during trading today increased considerably, putting significant strain on the processing capacity of the system overall.
For this reason, as announced on January 24, in order to avoid disturbance in the market as much as possible, beginning on January 26 and lasting for the time being, 1) the trading session for the issue will once again be changed, and 2) regulatory measures for trading of the issue will be taken as outlined below.
Additionally, for the time being, there is no change with regards
to the delay of opening of the afternoon trading session (which
currently starts at 1 p.m.) nor the order limit (8.5 million) or
execution limit (4.5 million) at which trading will be suspended
implemented previously that apply to all issues. We also request
that all orders placed at TSE continue to be consolidated as much
as possible.
1. Change of trading session
Beginning tomorrow, January 26th, the trading session for this
issue will be from 2:00 p.m. to 3:00 p.m. for the time being. (There
will be no morning trading session. Order-taking at TSE will begin
as usual at 8:00 a.m. The issue will be indicated as being under
trading suspension in the system until 2:00 p.m.) ToSTNeT transactions
will be conducted as normal.
Moreover, TSE may suspend trading of the issue depending on trading
and order circumstances after the opening price is established.
2. Regulatory Measures with Regards to Trading
Beginning tomorrow, January 26, TSE will take the following regulatory measures with regards to trading of shares of Livedoor Co., Ltd. for the time being
| a. | For purchases, the purchase value will be collected on the same day in cash from the purchasing customer.* |
| b. | Purchases and sales made by proprietary calculation by trading participants (including purchases and sales made based on discretionary transaction contracts) will be prohibited.** |
| c. | New margin purchase and sale transactions (including proprietary margin sales and purchases by trading participants) will be prohibited. |
We apologize for the inconvenience caused to all investors and related
parties and ask for your kind understanding in this matter.
| * | On the date of purchase, should the purchasing customer hold a Money Reserve Fund (MRF) balance that exceeds the purchase value, the purchase value in cash will be considered to have been collected the same day when the purchase value is applied to the MRF balance on the transfer date of the issue, without the need for the MRF contract to be cancelled. |
| ** | Excluding the following transactions - Transactions made to correct errors, etc. - Off-session and non-exchange transactions made to match customers - Arbitrage transactions - Transactions made to adjust positions (including transactions made to cancel positions created by January 25) - Other transactions deemed appropriate by TSE |
Taizo Nishimuro
Chairman and 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.
