Osaka Securities Exchange: FX Margin Trading (OSE-FX) Market Exchange Established

OSE has established the FX Margin Trading (OSE-FX) Market Exchange as follows:

1. Start-up Date: July 21, 2009

2. Transaction Summary

(1) Products

Nine currency pairs: (U.S. Dollar/Yen, Euro/Yen, Sterling Pound/Yen, Australian Dollar/Yen, Swiss Franc/Yen, Canadian Dollar/Yen, New Zealand Dollar/Yen, Euro/U.S. Dollar, and Sterling Pound/U.S. Dollar)

(2) Trading Days
Monday to Friday

(Note) Japanese national holidays included, except January 1 (If January 1 falls on Sunday, January 2 will be a non-trading day.)

(3) Trading Hours

From 8:00 a.m. to 7:00 a.m. the following day (When U.S. daylight saving time is observed, from 7:00 a.m. to 6:00 a.m. the following day.)
(Note) Closing time on Friday is 6:30 a.m. the following day (When U.S. daylight saving time is observed, 5:30 a.m. the following day.).

(4) Trading Method

Auction based on the principle of time priority and price priority. Market makers are also introduced to enhance liquidity.