Tokyo Stock Exchange

Tokyo Stock Exchange
Kakidai · CC BY-SA 4.0 · source
Name	Tokyo Stock Exchange
City	Tokyo
Country	Japan
Owner	Japan Exchange Group
Currency	Japanese yen
Indices	Nikkei 225, TOPIX

Tokyo Stock Exchange. The Tokyo Stock Exchange is one of the largest stock exchanges in the world, with a history dating back to 1878 when it was established by Itō Hirobumi and Ōkuma Shigenobu. The exchange has played a significant role in the development of Japan's economy, with companies such as Toyota, Honda, and Sony listed on the exchange. The exchange is owned by the Japan Exchange Group, which also owns the Osaka Securities Exchange.

● History

The history of the Tokyo Stock Exchange began in 1878 when it was established by Itō Hirobumi and Ōkuma Shigenobu, with the first trading session taking place on May 15, 1878. The exchange was initially located in the Kabuto-chō district of Tokyo and was known as the Tokyo Kabuto-chō Stock Exchange. In 1949, the exchange was renamed the Tokyo Stock Exchange and began to expand its operations, with the introduction of the Nikkei 225 index in 1950. The exchange has undergone several mergers and acquisitions, including the merger with the Osaka Securities Exchange in 2013 to form the Japan Exchange Group. The exchange has also been influenced by events such as the Wall Street Crash of 1929, the Japanese asset price bubble, and the Global financial crisis of 2008. Companies such as Mitsubishi, Mitsui, and Sumitomo have been listed on the exchange, and have played a significant role in the development of Japan's industry, with Shinzo Abe and Junichirō Koizumi implementing policies to support the exchange.

● Overview

The Tokyo Stock Exchange is one of the largest stock exchanges in the world, with a market capitalization of over ¥500 trillion. The exchange is home to over 2,000 listed companies, including Toyota, Honda, and Sony. The exchange is also home to several indices, including the Nikkei 225 and the TOPIX. The exchange is owned by the Japan Exchange Group, which is listed on the exchange itself. The exchange has partnerships with other exchanges, such as the New York Stock Exchange, the London Stock Exchange, and the Shanghai Stock Exchange. The exchange is also a member of the World Federation of Exchanges and the Asian Stock Exchange Federation. Companies such as Nintendo, Panasonic, and Canon are listed on the exchange, and have been influenced by events such as the Japanese economic miracle and the Lost Decade (Japan).

● Trading

Trading on the Tokyo Stock Exchange takes place on weekdays, with the exchange open from 9:00 am to 3:00 pm Japan Standard Time. The exchange uses an electronic trading system, with orders matched through a computerized trading system. The exchange also offers several trading products, including stocks, bonds, and exchange-traded funds. The exchange has a pre-market session from 8:00 am to 9:00 am, and a post-market session from 3:00 pm to 4:00 pm. Companies such as Toshiba, Fujitsu, and NEC are listed on the exchange, and have been influenced by events such as the Dot-com bubble and the 2008 Lehman Brothers bankruptcy. The exchange has also been influenced by the Federal Reserve, the European Central Bank, and the Bank of Japan.

● Listings

The Tokyo Stock Exchange has several listing categories, including the First Section, the Second Section, and the JASDAQ market. The First Section is the main board of the exchange, with companies such as Toyota, Honda, and Sony listed. The Second Section is a smaller board, with companies such as Sharp Corporation and Toshiba listed. The JASDAQ market is a market for growth companies, with companies such as SoftBank and Rakuten listed. The exchange also has a Mothers market, which is a market for small and medium-sized enterprises. Companies such as Yahoo! Japan, DeNA, and Gree, Inc. are listed on the exchange, and have been influenced by events such as the Japanese internet bubble and the Social media revolution.

● Regulation

The Tokyo Stock Exchange is regulated by the Financial Services Agency (Japan), which is responsible for overseeing the exchange and ensuring that it operates in a fair and transparent manner. The exchange is also subject to the Securities and Exchange Act (Japan), which sets out the rules and regulations for the exchange. The exchange has a compliance department that is responsible for ensuring that listed companies comply with the rules and regulations of the exchange. The exchange also has a disciplinary committee that is responsible for disciplining companies that do not comply with the rules and regulations of the exchange. Companies such as Nomura Holdings, Daiwa Securities, and Mitsubishi UFJ Financial Group are listed on the exchange, and have been influenced by events such as the Enron scandal and the Bernard Madoff Ponzi scheme. The exchange has also been influenced by the Sarbanes-Oxley Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act.

● Operations

The Tokyo Stock Exchange has several operations, including trading, clearing, and settlement. The exchange uses a computerized trading system to match orders, and has a clearing house that is responsible for settling trades. The exchange also has a settlement system that is responsible for settling trades and transferring ownership of securities. The exchange has a data center that is responsible for storing and processing data, and has a disaster recovery system in place in case of an emergency. Companies such as Hitachi, Mitsubishi Electric, and Toshiba are listed on the exchange, and have been influenced by events such as the Tohoku earthquake and tsunami and the Fukushima Daiichi nuclear disaster. The exchange has also been influenced by the International Organization of Securities Commissions and the Financial Stability Board. Category:Stock exchanges in Japan