Tokyo Stock Exchange, Inc. (TSE) is pleased to announce the Market Makers for our new options market, called "Tdex+".
| Market Maker | Options on JGB futures | Index Options | Equity Options | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Underlying Groups (please see appendix) | |||||||||
| Trading participants | Proprietary/Client | 1 | 2 | 3 | 4 | 5 | 6 | ||
| UBS Securities Japan Ltd | Client | 2 | - | - | - | - | - | - | - |
| Mitsubishi UFJ Securities Co.,Ltd. | Proprietary | 1 | - | - | - | - | - | - | - |
| Newedge Japan Inc. | Client | 5 | 1 | - | - | - | - | - | - |
| Societe Generale Securities, Tokyo Branch | Client | 1 | - | - | - | - | 1 | - | - |
| Merrill Lynch Japan Securities Co.,Ltd. | Client | 1 | 2 | 3 | 3 | 3 | 3 | 3 | 3 |
|
Total |
10 | 3 | 3 | 3 | 3 | 4 | 3 | 3 | |
* The "client" in above means their market making will be conducted with the customer's support. The number represents how many firms will participate for market making.
| (Appendix) Underlyings group for Equity Options |  |
Market Maker Scheme
Market Makers will continuously quote offers and bids for options contracts assigned to them. As tradable prices on options will be publicly displayed on a continuous basis, investors will have opportunities to trade options contracts at any time during trading sessions.
TSE expects that Market Makers will greatly contribute to the enhancement of the TSE options market, as the Market Maker scheme will allow more efficient asset management and provide various hedging opportunities for Japanese and foreign institutional investors as well as all other investors who invest in the TSE options market.
A Market Maker will make Bid and Offer quotes in response to RFQ (Request For Quote) from investors in accordance with its role set by TSE if it is asked for any of the series of assigned market making option contracts.
