Osaka Securities Exchange

www.ose.or.jp  

Tel : 81 6 4706 0875

Fax : 81 6 6232 2113

 

Representatives

President & Chief Executive Officer : Mr. Michio Yoneda

Director: Mr. Kotaro Yamazawa

Types of Securities Traded

Name of Trading Systems

(cash and derivatives)

Trading Hours

Derivatives

Nikkei 225 Futures

Nikkei 225 mini

Nikkei 225 Options

RN Prime Futures

Nikkei 300 Futures

OSE DJIA Futures

J-GATE

9.00 - 15.10

 & 16.30 – 2.55

Opening auction at 9.00 & 16.30 / Closing auction at 15.15 & 3.00

(Auction Trading)

 

8.20 - 16.00 & 16.30 - 3.00 (J-NET Derivatives Trading)

 

Nikkei 225 VI Futures

Security Options

9.00 - 15.10

Opening auction at 9.00 / Closing auction at 15.15

(Auction Trading)

 

8.20 - 16.00

(J-NET Derivatives Trading)

 

[Exchange FX Margin Trading]

USD/JPY, EUR/JPY, GBP/JPY, AUD/JPY, CHF/JPY, CAD/JPY, NZD/JPY, ZAR/JPY, EUR/USD, GBP/USD, AUD/USD

OSE FX Margin Trading System

 

Mon – Thu: 8.00 – 7.00 (7.00 – 6.00 when EDT is observed)

Fri: 8.00 – 6.30 (7.00 – 5.30 when EDT is observed)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Supervisory Body

FSA (Financial Services Agency) & SESC (Securities and Exchanges Surveillance Commission)

 

Name of Clearing & Settlement Organization

Japan Securities Clearing Corp. (JSCC)

 

Settlement Cycle

Derivatives Products

T + 1

(T+4 in case of exercise of Security Options)

 

Name of Central Securities Depository

Japan Securities Depository Center (JASDEC)

 

Commissions on Transactions levied by Exchange

Derivatives Products

Nikkei 225 Futures:

Trading: 70 yen* per contract for proprietary account and 110 yen* per contract for customer account

 

Nikkei 225 mini:

Trading: 7 yen* per contract for proprietary account and 11 yen* per contract for customer account

 

Nikkei 225 Options

Trading: Contract Value x 0.05%* (capped at 350 yen per contract)

 

RN Prime Futures

Trading: 29 yen per contract

 

Nikkei 300 Futures

Trading: 22 yen per contract

 

Nikkei 225 VI Futures

Trading: 80 yen per contract

 

OSE DJIA Futures

Trading: 40 yen per contract

 

Securities Options

Trading: Contract Value x 0.01%

 

FX Margin Trading

20 yen per trading unit

*Volume discount is available.

 

Taxes on Dividends, Interests

Please see comments on Tokyo Stock Exchange document.

 

2013 Share ownership thresholds (%)

NA

 

Short selling (Yes / No)

Yes

 

Short selling conditions (if any)

- Marking Requirements: Required to mark long, short or short exempt.

- Price Test (a/k/a Uptick Rule): Uptick rule is applied for all stocks all the time.

- Short Position Reporting/Disclosure: 0.25% for reporting and disclosure (one-tier model).

- Naked Short Selling Restriction: Required to locate stocks before placing short-sale.

- Restriction in connection with Public Offerings: Prohibited from covering short positions created in restricted period by offering stocks.

<After Revision in Nov. 2013 (planned)>

- Marking Requirements: Required to mark long, short or short exempt.

- Price Test (a/k/a Uptick Rule): Uptick rule is applied only to triggered stocks.

- Short Position Reporting/Disclosure: 0.20% for reporting and 0.5% for disclosure (two-tier model).

- Naked Short Selling Restriction: Required to locate stocks before placing short-sale.

- Restriction in connection with Public Offerings: Prohibited from covering short positions created in restricted period by offering stocks.

 

This page was last updated on: 08/07/2013 - 14:47