Overview

Tokyo Stock Exchange


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(TSE)

The principal stock exchange of Japan, which is now the second-largest in the world by market capitalization. There are three sections. The first lists some 1700 of the largest issues in the market. Around 70% of first-section companies are also listed in the markets in Osaka and Nagoya. The second section has around 500 stocks, with less stringent listing requirements, while the third section is for new high-growth companies (currently about 160). The TSE also has an over-the-counter market in shares registered with the Japanese Securities Dealers Association. Electronic trading for all transactions was introduced in 2000. TSE members are either regulars, who deal in securities as principals, or agents (saitori), who can only act as intermediaries between regular members. The main market indicator is the Nikkei Stock Average of 225 Japanese industrial companies.

http://www.tse.or.jp/english/ English-language version of the TSE website

Subjects: Financial Institutions and Services.


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