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In order to further improve convenience for market users, Tokyo Stock Exchange, Inc. (TSE) announced last June that it would begin providing the TSE Proximity Service, which aims to become the hub of the Asian markets. Details of this service, including fees and the commencement of provision, have recently been determined.
First, flexible usage conditions have been prepared, especially compared to the Co-Location Service at Primary Site provided at our high-security Co-Location Area. These flexible conditions include providing service to information vendors and other non-Trading Participants, and permission for regular entry into the Proximity Area, in addition to permitting Proximity Service use of External Connection Lines currently being used for the Co-Location Service with small additional Fee.
The pricing structure for the Proximity Service will have Proximity Service Charges and Network Charges, in the same manner as the Co-Location Service. Proximity Service Charges are composed of monthly Basic Charge and Power and Cooling Fees (metered), as well as Electric Construction Fees and Service Introduction Fees when the service begins. Network Charges are composed of arrownet Connection Fees and External Connection Fees.
TSE will begin accepting applications for this Service from today, while also
preparing facilities for installation by mid-October to allow for the prompt
commencement of services. Please contact TSE and refer to the “Wellcome Pack
for TSE Proximity Service” for information regarding service details and usage
methods.
Outline of Proximity Service
| Item | Proximity Service | Co-Location
Service (Reference) |
| User | -Trading Participants -Information Vendors -Independent Software Vendors (ISV) -Telecommunications Carriers |
-Trading Participants (Provision to Non-trading participants under consideration) |
| Applicable Systems |
-arrowhead (Stocks, ETFs, etc.) -Tdex+ (Options) -Derivatives Trading System (Futures, ToSTNeT) -Market Information System |
-arrowhead (Stocks, ETFs, etc.) -Tdex+ (Options) -Derivatives Trading System (Futures, ToSTNeT) -Market Information System (Same as Proximity Service) |
| Power Source | -Selection of 100V or 200V -Redundant Configuration available |
-Selection of 100V or 200V -Redundant Configuration available (Same as Proximity Service) |
| A/C Capacity |
-Up to 4KVA per rack | -Up to 4KVA per rack -If over limit, renting of adjacent open racks possible |
| Rack Specifications |
-Housing of up to 40 units -W695mm, D1000mm, H2000mm |
-Housing of up to 45 units -W800mm, D1100mm, H2200mm |
| Rental Unit | By Rack | By Rack and By Space |
| Entry Limitations |
-No limit (Entry possible 24 hours a day, 7 days a week) |
-Entry limited to trading participant employees and vendors entrusted with operations -Prior submission of pledge of oath required -Entry prohibited from 7:00AM to 7:00PM due to trading hours |
| Emergency Measures Service |
None (due to continuous entry) | -[Power ON/OFF], [Lamp Display], [Cable Disconnection /Reconnection] by TSE staff |
| Service
Desk |
-Use possible 24 hours a day, 7 days a week | -Use possible 24 hours a day, 7 days a week |
| External Connection Line |
-Provision of External Connection Service -Additionally, use of line-carrier network service available |
-Provision of External Connection Service (External Connection methods other than External Connection Service are not available) |
| Other | -Use of Delivery Receipt service available | - |
Proximity Service Fee Structure
Monthly fees per rack vary depending on the service-plan selected by each user
and usage conditions. In standard cases, excluding Network Charges, fees are
expected to be approximately JPY400,000, roughly half those of the Co-Location
Service.
The fee structure may be appropriately revised according to usage conditions and
environmental developments.
Proximity Service Fees
| Item | Proximity Service Structure | Co-Location Service
Structure (Reference) |
| Monthly Cost |
-Basic Charge (Fixed) -Power and Cooling Fees *Basic Electricity Usage Fee (Fixed) *Electricity Usage Fee (Metered) |
-Basic Charge (Fixed) -Power and Cooling Fees *Electricity Usage Fee (Metered) *Cooling Usage Fee (Metered) |
| Initial Cost |
-Electric Construction Fees -Service Introduction Fees |
-Electric Construction Fees -Service Introduction Fees (Same as Proximity Service) |
Network Charges
| Item | Proximity Service Structure | Co-Location Service
Structure (Reference) |
| Monthly Cost |
-arrownet Connection Fees *Unicast (*2) (10Mbps or 100Mbps) *Multicast (*3) (100Mbps or 1,000Mbps) -Connection between Proximity and Co-Location Areas (10Mbps,100Mbps or 1Gbps) -External Access Connection Fee (*4) |
-arrownet Connection Fee *Unicast (10Mbps or100Mbps) *Multicast (100Mbps or 1,000Mbps) -External Access Connection Fee |
| Initial Cost |
-External Access Connection Fee | -External Access Connection Fee |
(*1)Varies depending on user's equipment configurations
(*2)Unicast refers to a connection from the user's system to the Exchange's
trading system for the purpose of sending order placement messages, etc.
(*3)Multicast refers to a connection from the Exchange's system to the user's
system for the purpose of sending stock price information, etc.
(*4)External Connection Lines are lines for connection from the user rack to
locations outside the Proximity Area.
