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Encyclopedia > Tokyo Stock Exchange
Tokyo Stock Exchange, Inc.
株式会社東京証券取引所
Image:Tokyo stock exchange.gif
Type Privately-held K.K.
Founded 1949
Location Tokyo, Japan
Key people Taizo Nishimuro (Chairman/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, is one of the largest stock exchange markets in the world by monetary volume located in Tokyo, Japan, second only to the New York Stock Exchange. It currently lists 2,271 domestic companies and 31 foreign companies, with a total market capitalization of over 4 trillion USD. Image File history File links Tokyo_stock_exchange. ... The kabushiki kaisha (Jp. ... 1949 (MCMXLIX) was a common year starting on Saturday (the link is to a full 1949 calendar). ... Tokyo ) , literally eastern capital, is one of the 47 prefectures of Japan and includes the highly urbanized central area formerly known as the city of Tokyo which is the heart of the Greater Tokyo Area. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... This page as shown in the aol 9. ... Tokyo ) , literally eastern capital, is one of the 47 prefectures of Japan and includes the highly urbanized central area formerly known as the city of Tokyo which is the heart of the Greater Tokyo Area. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) , also nicknamed the Big Board, is the largest stock exchange in the world in dollar volume and second largest by number of companies listed. ...

Contents


Structure

The main trading room of the Tokyo Stock Exchange, where nowadays the trading is done through computers
The main trading room of the Tokyo Stock Exchange, where nowadays the trading is done through computers

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, Chuo-ku, Tokyo, Japan. Its operating hours are from 9:00 to 11:00 am, and from 1:00 to 3:00 pm. From April 24 2006 the afternoon trading session started at its usual time of 12:30pm Image File history File links Download high resolution version (1200x1600, 386 KB) The Tokyo Stock Exchange. ... Image File history File links Download high resolution version (1200x1600, 386 KB) The Tokyo Stock Exchange. ... The kabushiki kaisha (Jp. ... Nihombashi (the bridge) Marker from which distances are measured Nihombashi (or Nihonbashi, 日本橋, lit. ... Chūō (中央区; -ku) is a special ward located in Tokyo, Japan. ... Tokyo ) , literally eastern capital, is one of the 47 prefectures of Japan and includes the highly urbanized central area formerly known as the city of Tokyo which is the heart of the Greater Tokyo Area. ...


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. Nikkei 225 (日経平均株価, 日経225) is a stock market index for the Tokyo Stock Exchange (TSE). ... Nihon Keizai Shimbun (日本経済新聞) is a leading financial newspaper in Japan. ... Topix, along with Nikkei 225, is a major index for the Tokyo stock exchange in Japan, tracking 1645 companies. ...


89 domestic and 19 foreign securities companies participate in TSE trading. See: Members of the Tokyo Stock Exchange Ace Securities Aizawa Securities Akakiya Securities Alps Securities Ando Securities Ark Securities Banc of America Securities Barclays Capital Bear Stearns BNP Paribas Bright Securities Calyon Capital Markets Century Securities Chuo Securities Cosmo Securities Credit Suisse First Boston Daiko Clearing Services Daisei Securities Daiwa Securities Daiwa Securities SMBC Deutsche Securities Dojimakanto...


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. 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. The Kabuto Club is generally busiest during April and May, when public companies release their annual accounts.

Nihon Keizai Shimbun (日本経済新聞) is a leading financial newspaper in Japan. ... Kyodo News (共同通信社 Kyōdō Tsūshinsha) is a nonprofit cooperative news agency based in Minato-ku, Tokyo. ... Bloomberg L.P. is a financial news service founded by Michael Bloomberg in 1981. ... CNBC (until 1991 the Consumer News and Business Channel) is a group of cable and satellite television Business news channels from the U.S., owned and operated by NBC Universal, a joint venture of General Electric and Vivendi Universal. ...

History

The Stock Exchange occupies a narrow site in Tokyo's securities district
The Stock Exchange occupies a narrow site in Tokyo's securities district

Download high resolution version (670x750, 116 KB) Wikipedia does not have an article with this exact name. ... Download high resolution version (670x750, 116 KB) Wikipedia does not have an article with this exact name. ...

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. Trading began on June 1, 1878. May 15 is the 135th day of the year in the Gregorian Calendar (136th in leap years). ... 1878 (MDCCCLXXVIII) was a common year starting on Tuesday (see link for calendar). ... Okuma Shigenobu (大隈重信 Okuma Shigenobu 16 February 1838–10 January 1922) was a Japanese politician and the 8th (June 30, 1898–November 8, 1898) and 17th (April 16, 1914–October 9, 1916) Prime Minister of Japan. ... Statue of Shibusawa Eiichi Shibusawa Eiichi (渋沢 栄一 Shibuzawa Eiichi, March 16, 1840 - November 11, 1931) was a Japanese industrialist. ... June 1 is the 152nd day of the year in the Gregorian calendar (153rd in leap years), with 213 days remaining. ... 1878 (MDCCCLXXVIII) was a common year starting on Tuesday (see link for calendar). ...


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. Nagasaki City Hall Mayor {{{Mayor}}} Address 〒850-8685 Nagasaki-shi, Sakura-machi 2-22 Phone number 095-825-5151 Official website: www1. ...


Postwar history

The Tokyo Stock Exchange reopened under its current Japanese name on May 16, 1949, pursuant to the new Securities Exchange Act. May 16 is the 136th day of the year in the Gregorian Calendar (137th in leap years). ... 1949 (MCMXLIX) was a common year starting on Saturday (the link is to a full 1949 calendar). ...


The trading floor of the TSE was closed on April 30, 1999, and the exchange switched to electronic trading for all transactions. A new facility, called TSE Arrows (東証アローズ Tōshō Arrows?), opened on May 9, 2000. April 30 is the 120th day of the year in the Gregorian calendar (121st in leap years), with 245 days remaining. ... 1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Older Persons by the United Nations. ... May 9 is the 129th day of the year in the Gregorian Calendar (130th in leap years). ... This article is about the year 2000. ...


In 2001, the TSE restructured itself as a corporation. (Before this time, it was a membership organization.)


IT 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. The interruption in trading was the worst in the history of the exchange. [1] Trading was suspended for four-and-a-half hours. November 1 is the 305th day of the year (306th in leap years) in the Gregorian Calendar, with 60 days remaining. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Fujitsu (富士通) is a Japanese company specializing in semiconductors, computers (supercomputers, personal computers, servers), telecommunications, and services, and is headquartered in Tokyo. ...


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. 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 that is to be shared between the exchange and Mizuho. 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. On 21 December, Takuo Tsurushima, chief executive of the TSE, and two other senior executives resigned over the Mizuho affair. December 8 is the 342nd day (343rd in leap years) of the year in the Gregorian calendar. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Mizuho Securities Co. ... Japanese 10 yen coin (obverse) showing Phoenix Hall of Byodoin Yen is the currency used in Japan. ... Japanese 10 yen coin (obverse) showing Phoenix Hall of Byodoin Yen is the currency used in Japan. ... The United States dollar is the official currency of the United States. ... December 11 is the 345th day (346th in leap years) of the year in the Gregorian calendar. ... December 21 is the 355th day of the year (356th in leap years) in the Gregorian calendar. ...

Wikinews has news related to:
Heavy selling leads to shortened session at Tokyo stock exchange

On January 17, 2006, the Nikkei 225 fell 2.8%, 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. 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 4.5 million trades per day. This was called the "livedoor shock." The exchange quickly increased its order capacity to five million trades a day. [2] Image File history File links Wikinews-logo. ... Wikinews is a free-content news source and a project of the Wikimedia Foundation. ... January 17 is the 17th day of the year in the Gregorian calendar. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... The correct title of this article is livedoor. ... January 18 is the 18th day of the year in the Gregorian calendar. ...


See also

// North America Bahamas Bahamas Securities Exchange Barbados Barbados Stock Exchange (BSE) Bermuda Bermuda Stock Exchange (BSX) Canada Alberta Stock Exchange (ASE) Canadian Venture Exchange Montreal Curb Market/Canadian Stock Exchange Nasdaq Canada Toronto Stock Exchange (TSE), TSX is the main index of TSE TSX Venture Exchange Vancouver Stock Exchange Winnipeg... Nikkei 225 (日経平均株価, 日経225) is a stock market index for the Tokyo Stock Exchange (TSE). ... Topix, along with Nikkei 225, is a major index for the Tokyo stock exchange in Japan, tracking 1645 companies. ...

Sources

  • Tokyo Stock Exchange Website
    • Company profile
    • Statistics
  • 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"

  Results from FactBites:
 
Tokyo Stock Exchange - Wikipedia, the free encyclopedia (819 words)
The TSE is incorporated as a kabushiki kaisha with nine directors, four auditors and eight executive officers.
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.
The trading floor of the TSE was closed on April 30, 1999, and the exchange switched to electronic trading for all transactions.
  More results at FactBites »

 
 

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