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TSE Historical Highlights  

Saturday, April 11, 2009

May 15, 1878	"Tokyo Stock Exchange Co., Ltd." established.
Jun. 30, 1943	"Japan Securities Exchange", a quasi-governmental organization, created by a merger of all existing stock exchanges in Japan.
Apr. 16, 1947	"Japan Securities Exchange" dissolved.
Apr. 1, 1949	"Tokyo Stock Exchange" in the present form founded (opened on May 16).
Jun. 1, 1951	Margin transactions introduced.
Apr. 2, 1956	Bond trading started.
Oct. 2, 1961	Second Section for stocks opened.
Oct. 1, 1966	Government bonds listed for the first time after World War II.
Oct. 2, 1967	New auction process put into practice with abolition of "Baikai" trades (off-exchange trades by members reported as TSE contracts)
Apr. 1, 1968	Licensing system for securities companies introduced in place of registration system.
Jul. 1, 1969	TOPIX (Tokyo Stock Price Index) inaugurated (January 4,1968=100).
May 11, 1970	Trading in convertible bonds started.
Oct. 15, 1970	TSE joined the International Federation of Stock Exchanges(FIBV).
Jul. 19, 1971	Book Entry Clearing System for stocks introduced.
Apr. 2, 1973	Yen-based foreign bonds listed for the first time.
Dec. 18, 1973	Foreign Stock Section opened.
Sep. 24, 1974	Market Information System (MIS) put into operation.
Apr. 1, 1977	Ad valorem brokerage commission system introduced.
Jan. 23, 1982	Computer-assisted Order Routing & Execution System (CORES) introduced.
May 13, 1985	Trading started in new market building.
Oct. 19, 1985	Trading in 10-year Japanese government bond futures started.
Feb. 1, 1986	10 securities companies including first 6 foreign companies joined the TSE membership.
May 23, 1988	22 securities companies including 16 foreign companies joined the TSE membership.
Sep. 3, 1988	Trading in TOPIX futures started.
Oct. 20, 1989	Trading in TOPIX options started.
Dec. 1, 1989	Trading in U.S. T-Bond futures started.
May 11, 1990	Trading in options on Japanese government bond futures started.
Nov. 19, 1990	10 securities companies including 3 foreign companies joined the TSE membership.
Nov. 26, 1990	Floor Order Routing and Execution System (FORES) introduced.
Oct. 9, 1991	Central Depository & Clearing System began its operation.
Apr. 1, 1994	Partial (over 1 billion yen) deregulation of brokerage commission was effected.
May 29, 1995	Investment Trust Beneficiary Certificate linked to "Nikkei 300 Stock Index Listed Fund" listed.
Feb. 16, 1996	Trading in 5-year Japanese government bond futures started.
Jul 18, 1997	Trading in equity options started.
Jan. 23, 1998	Trading in sector-stock price index futures started.
Apr. 1, 1998	Partial (over 50 million yen) deregulation of brokerage commission was effected.
Apr. 2, 1998	Calculation of new stock price index series started.
Jun. 29, 1998	ToSTNeT introduced.
Jul. 1, 1998	TDnet (Timely Disclosure Network) system introduced.
Dec. 1, 1998	Abolition of restriction on off-exchange trading for listed securities.
Apr. 2, 1999	50th Anniversary Ceremony was held.
Apr. 30, 1999	Stock trading floor was closed.
Jun. 1, 1999	Target (TSE wide area network) introduced.
Oct. 1, 1999	Liberalization of brokerage commission.
Oct. 1, 1999	Abolition of the fixed number of members was effected.
Nov. 11. 1999	The MOTHERS market for high-growth and emerging companies established
Mar. 1. 2000	Hiroshima and Niigata stock exchanges merge into TSE
May 9. 2000	Opening of TSE ARROWS
Nov. 1. 2001	Tokyo Stock Exchange, Inc. established after demutualization of TSE
Jan. 14, 2003	Commencement of operations at Japan Securities Clearing Corporation
Aug.1.2007	Tokyo Stock Exchange Group, Inc. established
Oct.17.2007	Establishment of Tokyo Stock Exchange Regulation
Nov.1.2007	Commencement of operations at Tokyo Stock Exchange Regulation

by Farooq