Tokyo Stock Exchange

The Tokyo Stock Exchange (Japanese株式会社 东京 证券 取 引 所, Kabushiki - gaisha Tōkyō shoken Torihikijo, Eng. Tokyo Stock Exchange, Incorporated ) is a stock exchange in the district Kabutochō the Tokyo District Chūō, and the largest of its kind in Japan and East Asia.

History

The Exchange was founded on May 15, 1878 in Tokyo, and the first trading began on June 1, 1878., 1943, the stock exchange was closed along with 10 other smaller exchanges in the country the only stock exchange in Japan. As a result of the bombing of Nagasaki had the stock exchange to be re- organized and was finally disbanded by the U.S. occupation authorities completely in April 1947. After the amendment of the Exchange Act in April 1948, on April 1, 1949 stock exchanges in Tokyo, Osaka ( Osaka shoken Torihikijo / Osaka Securities Exchange) and Nagoya ( Nagoya shoken Torihikijo / Nagoya Securities Exchange ) was established, which was trading on May 16.

On 30 April 1999, the entire floor trading was abandoned in favor of the electronic stock exchange trading ( Computer Exchange).

In November 2005, it was on the Tokyo Stock Exchange because of a program error for hours not possible to operate trade.

In January 2010, the Tokyo Stock Exchange announced the launch of a new rapid commercial system called Arrowhead known, is said to have a latency of 5 milliseconds.

On 22 November 2011, the Tokyo Stock Exchange and Osaka Stock Exchange announced that they want to merge by January 2013. Upon consummation of the merger on 1 January 2013 under the name Japan Exchange Group was the world's third largest trading center behind the NYSE Euro Next and the NASDAQ.

Background

At the Tokyo Stock Exchange, shares of over 2200 Japanese and 31 foreign companies are traded. Stock market index of the Tokyo Stock Exchange, the Nikkei 225, Nihon Keizai Shimbun initiated by the (short: Nikkei ), in the version with 225 values ​​is now considered the standard. In the years of stagnation after the bubble economy in 1990, the extensive TOPIX was (Tokyo Price Index ) with 1645 values ​​not equal meaningful, since the former Nikkei 300 to a large extent traded shares of companies whose shares of other Holdings mainly on strategic investment purposes were hoarded instead of for investment purposes and are virtually unavailable in the market. In the first years of the 21st century the Topix does not have the values ​​from the early days of the bubble economy ( 1985-86 ) is also come and remains thus apart from the high end of the 1980s for 20 years at about the same level (Table Japanese article). Reasons include the widespread loss of confidence and the reluctance among private investors, for which numerous financial scandals, unfair business practices and repeated gross mismanagement are responsible in most major financial institutions.

Trade

The Tokyo Stock Exchange is open Mondays to Fridays from 9:00 bis 11:30 clock clock to 12.30 clock bis 15:00 clock local time ( corresponding to 1:00 bis 3:30 clock clock clock bis 7:00 clock to 4:30 CET, in summer time one hour later because Japan no daylight saving time makes ).