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. It currently lists 2,271 domestic companies and 31 foreign companies, with a total market capitalization of over 5 trillion USD.
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, Tokyo, Japan.
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89 domestic and 19 foreign securities companies participate in TSE trading.
The stocks that are listed under the Tokyo Stock Exchange are classified into:
1.First Section aimed for large companies
2.Second section for mid-sized companies
3.Mothers sections for the high growth start up companies.
Evolution of the Tokyo Stock Exchange
* The Tokyo Stock Exchange started as Tokyo Kabushiki Torihikijo on May 15, 1878.
TSE Building, Tokyo
* In 1943 the Tokyo Kabushiki Torihikijo merged with other stock exchanges of Japan to form the Japanese Stock Exchange.
* After Nagasaki was bombed the Tokyo Stock Exchange was closed but it was reorganized soon.
* In the post war era the Tokyo Stock Exchange reopened in 1949 with its current name.
* Between the period 1983 to 1990 the Tokyo Stock Exchange witnessed an extraordinary growth. As far as the market capitalization was concerned the Tokyo Stock Exchange occupied about 60% of the market capitalization of the whole world. Although the performance of the Tokyo Stock Exchange has fallen since then, even now it ranks the third largest in terms of the market capitalization of the listed shares.
* In 2001, the Tokyo Stock Exchange took the form of a corporation.
TSE Trading Desk
Initially the Tokyo Stock Exchange was a physical stock exchange where trading took place by the open outcry system. But in April 30, 1999 the Tokyo Stock Exchange closed and switched over to an electronic mode of transaction.
The London Stock Exchange (LSE) and the TSE are developing jointly traded products and share technology, marking the latest cross-border deal among bourses as international competition heats up. The TSE is also looking for some partners in Asia, and more specifically is seeking an alliance with the Singapore Exchange (SGX), which is considered as becoming a leading financial hub in the Asia-Pacific region. The TSE has already acquired a 5% stake in the SGX as of June 2007.
List of Indices:
* Nikkei 225 of companies that is selected by Japan's largest business newspaper- the Nihon Keizai Shimbun
* Topix Index: This index is based on the share prices of the First Section Companies.
* J30 Index: This index caters to the large industrial companies that are maintained by Japan's major broadsheet newspapers.
Market Hours / Trading Sessions:
Its operating hours are from 9:00 to 11:00 am, and from 12:30 to 3:00 pm.
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