Tokyostockexchange1144

History of the Tokyo Stock Exchange

By kmurdin

  • Establishment

    Establishment
    Overview
    The Tokyo Stock Exchange (Tokyo Kabushiki Torihiki) was established on May 15, 1878 under the direction of Finance Minister Okuma Shigenobu and capitalist advocate Shibusawa Eiichi. Trading began on June 1st.
    This exchange was later combined with 10 other stock exchanges in major japanese cities to form the Japanese Securities Exchange.

  • TSE Shut Down

    TSE Shut Down
    The Nagasaki bombing on August 9, 1945 caused the shut down of the TSE.

  • Re-opening of the TSE

    Re-opening of the TSE
    The Tokyo Stock Exchange reopened on May 16, 1949, as its current name, Tōkyō Shōken Torihikijo.

  • TOPIX

    TOPIX
    The Tokyo Stock Price Index (TOPIX) was established on July 1, 1969. The index is calculated to give an overall idea of how well the market is performing.

  • Trading in U.S. T-Bond Futures

    Trading in U.S. T-Bond Futures
    T-Bonds were introduced with the US, showing a significant globalization and expansion since the US is one of the biggest economies in the world

  • FORES Introduced

    FORES Introduced
    The Floor Order Routing and Execution System (FORES) is a computerized processing system for small orders. This system is designed to replace manual order books with electronic order books, and computerized the reporting and confirmation process.

  • 50th Anniversary Ceremony was held

    50th Anniversary Ceremony was held
    TSE continues to show its success

  • Electronic Trading

    Electronic Trading
    The Tokyo stock exchange closed for a day to switch to a fully electronic trading system for all transactions. This was seen as an improvement in efficiency and competitiveness.

  • Mizuho Error

    Mizuho Error
    On December 8, 2005 an employee at Mizuho Securities Co., Ltd. mistakenly placed an order to sell 600,000 shares at ¥1, instead of an order to sell 1 share at ¥600,000. Mizuho failed to catch the error and the Tokyo Stock Exchange initially blocked attempts to cancel the order. This resulting in a net loss of US$347 million shared between the TSE and Mizuho.

  • Merger of TSE and Osaka Securities Exchange

    Merger of TSE and Osaka Securities Exchange
    The Tokyo Stock Exchange confirmed plans to merge with their domestic rival, the Osaka Securities Exchange. Together they will become Japan`s largest exchange group and strengthen the TSE`s position of third largest exchange in the world.