What Is the Tokyo Stock Exchange?

The Tokyo Stock Exchange (Japanese: Tokyo Stock Exchange ; Japanese kana pronunciation: ; English: Tokyo Stock Exchange) is one of Japan's stock exchanges, referred to as "TOKEN" (TOKEN), Headquarters are located in Nihonbashi-cho, Chuo-ku, Tokyo (Kana: ). Its business entities are divided into two legal entities: the Tokyo Stock Exchange Co., Ltd. and the Tokyo Stock Exchange Self-Regulatory Corporation. Although the history of the Tokyo Stock Exchange is not long, it is one of the largest stock exchanges in the world. The Tokyo Stock Exchange, the Osaka Stock Exchange, and the Nagoya Stock Exchange are listed as the three largest stock exchanges in Japan. Its market size ranks fourth in the world, and it is also Japan's most important economic hub. The market value is second only to the New York Stock Exchange, the Nasdaq Stock Exchange, and the London Stock Exchange.

Tokyo Stock Exchange

It was founded on May 15, 1878, and began trading on June 1, the same year.

Tokyo Stock Exchange all 4 markets: Market 1, Market 2, Foreign and Nanny (

The issue market has not yet fully developed

Internationalization of transaction business

Since the 1970s, Japan s economic strength has greatly increased.

The merger of the Tokyo Stock Exchange and the Osaka Securities Exchange Co. on November 23, 2011 will create the world's third largest exchange operator.

Under the agreement, shareholders of the Tokyo Stock Exchange will receive 0.202 shares of the Osaka Stock Exchange. The Tokyo Stock Exchange will pay 480,000 yen per share of the Osaka Stock Exchange. After the merger, the Osaka Stock Exchange will not be delisted.

According to data released by the World Federation of Exchanges at the end of October, if the two exchanges are successfully merged, the total market capitalization of listed companies will reach approximately $ 3.6 trillion, which will exceed the London Stock Exchange Group. PLC (LSE.LN) has become the third largest exchange operator in the world, ranking second only to NYSE Euronext (NYX) and Nasdaq OMX Group Inc.

The two exchanges estimate that the combined annual savings of about 7 billion yen will be associated with the cost of trading system integration. The Tokyo Stock Exchange will focus on spot stock trading, while the Osaka Stock Exchange will operate a derivatives trading platform.

The two exchanges plan to create a holding company and eventually set up multiple units focused on spot products, futures trading and self-regulatory management. Tokyo Stock Exchange president Atsushi Saito is expected to serve as the new company's chief executive. Michio Yoneda, president of the Osaka Stock Exchange, will likely be chief operating officer.