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Tokyo Stock Exchange, Inc. (TSE) will implement major revisions to the rules of its derivatives market (TDEX including the introduction of give-up system with the replacement of the derivatives trading system scheduled on January 15th, 2008. The TSE intends to further improve the convenience of Tdex for the investors by these reforms and will continue to strive to make Tdex one of the world major derivatives markets.
Major Rule Changes
- Introduction of give-up system
- Expansion of daily price limits and introduction of trading halts for JGB futures and options
- Expansion of daily price limits and revisions to trigger levels of circuit breakers
- Improvement of off-auction trading system
Partial revision of futures and options trading specifications accompanying the trading and clearing system development
