Tokyo Stock Exchange

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Tokyo Stock Exchange (TSE)

The largest stock exchange in Japan with the some of the most active trading in the world.

Tokyo Stock Exchange

The second largest stock exchange in the world by market capitalization. The TSE was established in 1878. After World War II, it experienced growth unprecedented in history. By the early 1990s, it accounted for approximately 60% of the world's market capitalization. It has since fallen because of the Asian Financial Crisis, but it remains one of the world's most important exchanges.

Tokyo Stock Exchange (TSE)

The largest of six securities exchanges in Japan. The Tokyo Stock Exchange, established in 1878, trades equities electronically in four sections: the first section for stocks of the largest Japanese companies, the second section for stocks of smaller companies with lower trading volumes, the third section for foreign securities, and the fourth section for growth and emerging stocks. The Tokyo Stock Exchange also trades bonds, options, and futures.
References in periodicals archive ?
Ryusuke Yokoyama, an executive officer of the Tokyo Stock Exchange, Inc., "JPX and NTT Com have a well-established relationship as partners supporting Japanese market infrastructure with the necessary network and datacenters.
"I am very pleased to be announcing MarketPrizm's arrownet-Global Extranet status," said Ryusuke Yokoyama, Executive Officer at Tokyo Stock Exchange, Inc. "Working with MarketPrizm will allow JPX to improve accessibility for foreign investors wanting to trade on the Japanese market and to improve JPX market liquidity.
The yen-denominated S&P CNX Nifty Index futures will be listed by March 2014, the integration date of the derivatives markets of OSE and Tokyo Stock Exchange, Inc. (TSE), a subsidiary of JPX.
As a result of the Share Exchange, Pioneer will be the wholly owning parent company of Tohoku Pioneer as of the effective date of October 1, 2007 and the common stock of Tohoku Pioneer which will be a wholly-owned subsidiary will be delisted from the Tokyo Stock Exchange on September 25, 2007 (the final date of trading will be September 21, 2007) in accordance with the criteria for delisting of stock of the Tokyo Stock Exchange, Inc. After the delisting, shares of Tohoku Pioneer will not be traded on the Tokyo Stock Exchange.
"Providing global and Japanese firms with new means of access to the JPX will further boost the liquidity of the JPX market as well as broaden its investor pool," said Yasuhiro Yoshida, Executive Director of the Tokyo Stock Exchange, Inc.
The price (709.42 yen) which was obtained by multiplying the Company's closing price of 4,490 yen on the Tokyo Stock Exchange, Inc. on December 20, 2006, the day immediately preceding the day on which the Company and the Target executed the Basic Understanding by the Merger Ratio represents a premium of approximately 10.50% of the Target's closing price of 642 yen on the Tokyo Stock Exchange, Inc.
As a result of the Tender Offer, there is a possibility that the Target's shares will be delisted in accordance with the prescribed procedures pursuant to the standards for delisting of shares established by the Tokyo Stock Exchange, Inc. If such standards do not apply but the Tender Offeror fails to acquire all of the shares, etc.
The Purchase Price represents a premium of approximately 19.94% of the Company's closing price of JPY 642 on the Tokyo Stock Exchange, Inc. on December 20, 2006, the day immediately preceding the day on which the Memorandum of Understanding was concluded by the Tender Offeror and the Company, and also represents a premium of approximately 37.75% over the simple average closing price of JPY 559 (rounded to the nearest yen) on the Tokyo Stock Exchange, Inc.