| Tokyo Stock Exchange, Inc. 株式会社東京証券取引所 | |
|---|---|
 | |
| Type | Privately-held K.K. |
| Founded | 1949 |
| Headquarters | Tokyo, Japan |
| Key people | Taizo Nishimuro (Chairman) Atsushi Saito (President/CEO) Yasuo Tobiyama (MD/COO/CFO) |
| Industry | Securities exchange |
| Employees | 718 |
| Website | www.tse.or.jp |
The Tokyo Stock Exchange (東京証券取引所 Tōkyō Shōken Torihikisho?), or TSE, located in Tokyo, Japan, is the second largest stock exchange market in the world by market value, second only to the New York Stock Exchange. Year 1949 ( MCMXLIX) was a Common year starting on Saturday (link will display the full calendar of the Gregorian calendar. officially, is one of the 47 prefectures of Japan and located on the eastern side of the main island Honshū. For a topic outline on this subject see List of basic Japan topics. For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" Employment is a Contract between two parties, one being the employer and the other being the employee. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages officially, is one of the 47 prefectures of Japan and located on the eastern side of the main island Honshū. For a topic outline on this subject see List of basic Japan topics. A stock exchange, share market or bourse is a Corporation or Mutual organization which provides "trading" facilities for Stock The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. It currently lists 2,271 domestic companies and 31 foreign companies, with a total market capitalization of over 5 trillion USD. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been [1]
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Structure
The TSE is incorporated as a kabushiki kaisha with nine directors, four auditors and eight executive officers. Its headquarters are located at 2-1 Nihombashi Kabutocho, Chūō-ku, Tokyo, Japan. or Nihombashi, is a business district of Chūō Tokyo, Japan which grew up around the Bridge of the same name which has linked two sides of the is one of the 23 special wards that form the heart of Tokyo, Japan. officially, is one of the 47 prefectures of Japan and located on the eastern side of the main island Honshū. For a topic outline on this subject see List of basic Japan topics. Its operating hours are from 9:00 to 11:00 am, and from 12:30 to 3:00 pm. From April 24, 2006, the afternoon trading session started at its usual time of 12:30 p. m.
Stocks listed on the TSE are separated into the First Section (for large companies), the Second Section (for mid-sized companies), and the "Mothers" section (for high-growth startup companies). As of March 2006, there are 1,721 First Section companies, 489 Second Section companies and 156 Mothers companies.
The main indices tracking the TSE are the Nikkei 225 index of companies selected by the Nihon Keizai Shimbun (Japan's largest business newspaper), the TOPIX index based on the share prices of First Section companies, and the J30 index of large industrial companies maintained by Japan's major broadsheet newspapers. is a Stock market index for the Tokyo Stock Exchange (TSE The Nikkei average is the most watched index of Asian stocks or, is one of the largest media corporations in Japan Nikkei specializes in publishing financial business and industry news To kyo stock P rice I nde X, commonly known as TOPIX, along with Nikkei 225, is an important Stock market index The Infiniti J30 was a Rear wheel drive Luxury car. The J30 went into production on April 7, 1992 as a 1993 model to replace the M30
89 domestic and 19 foreign securities companies participate in TSE trading. See: Members of the Tokyo Stock Exchange
Other TSE-related institutions include:
- The exchange's press club, called the Kabuto Club (兜倶楽部 Kabuto kurabu?), which meets on the third floor of the TSE building. Ace Securities Aizawa Securities Akakiya Securities Allied Telesis Alps Securities Most Kabuto Club members are affiliated with the Nihon Keizai Shimbun, Kyodo News, Jiji Press, or business television broadcasters such as Bloomberg LP and CNBC. or, is one of the largest media corporations in Japan Nikkei specializes in publishing financial business and industry news Kyodo News (共同通信社 Kyōdō Tsūshinsha) is a Nonprofit Cooperative News agency based in Minato Tokyo. Jiji Press Ltd (株式会社 時事通信社 Kabushiki gaisha Jiji Tsūshinsha) is a leading Wire service in Japan. Bloomberg LP is a financial software services news and data company CNBC (an abbreviation for the " C onsumer N ews and B usiness C hannel" its official name until 1991 is a cable and The Kabuto Club is generally busiest during April and May, when public companies release their annual accounts.
On 15th June 2007, the TSE paid $303 million to acquire a 4. 99% stake in Singapore Exchange Ltd. [2]
History
Prewar history
The Tokyo Stock Exchange was established on May 15, 1878, as the Tokyo Kabushiki Torihikijo (東京株式取引所) under the direction of then-Finance Minister Okuma Shigenobu and capitalist advocate Shibusawa Eiichi. Events 1252 - Pope Innocent IV issues the Papal bull Ad exstirpanda, which authorizes but also limits the Year 1878 ( MDCCCLXXVIII) was a Common year starting on Tuesday (link will display the full calendar of the Gregorian calendar (or a Common was a Japanese statesman and the 8th ( 30 June 1898 – 8 November 1898) and 17th ( 16 April 1914 – Shibusawa Eiichi 1st Viscount Shibusawa |渋沢 栄一| Shibusawa Eiichi | March 16, 1840 - November 11, 1931 }} was a Japanese Trading began on June 1, 1878. Events 193 - Roman Emperor Didius Julianus is Assassinated 987 - Hugh Capet is elected Year 1878 ( MDCCCLXXVIII) was a Common year starting on Tuesday (link will display the full calendar of the Gregorian calendar (or a Common
In 1943, the exchange was combined with ten other stock exchanges in major Japanese cities to form a single Japanese Stock Exchange (日本証券取引所 Nippon Shōken Torihikisho?). The combined exchange was shut down and reorganized shortly after the bombing of Nagasaki. ( is the Capital and the largest city of Nagasaki Prefecture in Japan.
Postwar history
The Tokyo Stock Exchange reopened under its current Japanese name on May 16, 1949, pursuant to the new Securities Exchange Act. Events 1204 - Baldwin IX Count of Flanders is crowned as the first Emperor of the Latin Empire. Year 1949 ( MCMXLIX) was a Common year starting on Saturday (link will display the full calendar of the Gregorian calendar.
The TSE runup from 1983 to 1990 was unprecedented, in 1990 it accounted for over 60% of the world's stock market capitalization (by far the world's largest) before falling precipitously in value and rankings today, but still remains one of the 3 largest exchanges in the world by market capitalization of listed shares.
The trading floor of the TSE was closed on April 30, 1999, and the exchange switched to electronic trading for all transactions. Events 313 - Roman emperor Licinius unifies the entire Eastern Roman Empire under his rule Year 1999 ( MCMXCIX) was a Common year starting on Friday (link will display full 1999 Gregorian calendar) A new facility, called TSE Arrows (東証アローズ Tōshō Arrows?), opened on May 9, 2000. Events 1457 BC - Battle of Megiddo (15th century BC between Thutmose III and a large Canaanite coalition under the King of 2000 ( MM) was a Leap year that started on Saturday of the Common Era, in accordance with the Gregorian calendar.
In 2001, the TSE restructured itself as a stock company: before this time, it was structured as an incorporated association (社団法人 shadan hōjin?) with its members as shareholders.
I. T. issues
The exchange was only able to operate for 90 minutes on November 1, 2005, due to bugs with a newly installed transactions system, developed by Fujitsu, which was supposed to help cope with higher trading volumes. Events 996 - Emperor Otto III issues a deed to Gottschalk Bishop of Freising which is the oldest known document using the name Ostarrîchi Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. is a Japanese company specializing in Semiconductors Computers ( Supercomputers Personal computers, servers, Telecommunications The interruption in trading was the worst in the history of the exchange. [3] Trading was suspended for four-and-a-half hours.
During the initial public offering of J-Com on December 8, 2005, an employee at Mizuho Securities Co., Ltd. mistakenly typed an order to sell 610,000 shares at 1 yen, instead of an order to sell 1 share at 610,000 yen. Events 1609 - Biblioteca Ambrosiana opens its reading room the second public library of Europe. Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. is the brokerage arm of Mizuho Financial Group. See also Mizuho Financial Group Primary dealers Mizuho failed to catch the error; the Tokyo Stock Exchange initially blocked attempts to cancel the order, resulting in a net loss of 347 million US dollars to be shared between the exchange and Mizuho. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been Both companies are now trying to deal with their troubles: lack of error checking, lack of safeguards, lack of reliability, lack of transparency, lack of testing, loss of confidence, and loss of profits. On 11 December, the TSE acknowledged that its system was at fault in the Mizuho trade. Events 359 - Honoratus, the first known Prefect of the City of Constantinople, takes office On 21 December, Takuo Tsurushima, chief executive of the TSE, and two other senior executives resigned over the Mizuho affair. Events 69 - The end of the Year of the four emperors: Following Galba, Otho and Vitellius, Vespasian [4] [5] [6] [7] [8] [9] [10] [11]
On January 17, 2006, the Nikkei 225 fell 2. Events 38 BC - Octavian marries Livia Drusilla. 1287 - King Alfonso III of Aragon invades Minorca Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. 8%, its fastest drop in nine months, as investors sold stocks across the board in the wake of a raid by prosecutors on internet company livedoor. is an Internet service provider based in Tokyo, Japan, that runs a Web portal and numerous other businesses The Tokyo Stock Exchange closed early on January 18 due to the trade volume threatening to exceed the exchange's computer system's capacity of 4. Events 350 - Generallus Magnentius deposes Roman Emperor Constans and proclaims himself Emperor 5 million trades per day. This was called the "livedoor shock. " The exchange quickly increased its order capacity to five million trades a day. [12]
Alliances
London Stock Exchange and Tokyo Stock Exchange are developing jointly traded products and share technology, marking the latest cross-border deal among bourses as international competition heats up. The London Stock Exchange or LSE is a Stock exchange located in London, England. Tokyo Stock exchange is also looking for some partners in Asia, and more specifically with Singapore Exchange, which is considered as becoming a leading financial hub in Asia-Pacific. Recently, some rumors close to the deal are telling that Tokyo Stock Exchange is preparing for the first semester of 2008 a takeover the Singapore Exchange, or at least take a major stake. In June 2007, Tokyo Stock Exchange already purchased a 5% of SGX, and it is only the beginning of a bigger participation.
See also
References
- Tokyo Stock Exchange Website
- New York Times article 13 December 2005 "Tokyo Exchange Struggles With Snarls in Electronics"
- The Register article 25 November 2005 "Fujitsu execs take pay cut after Tokyo exchange crash"
- Tokyo Stock Exchange Building
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