Japannext PTS is open five days a week from Monday to Friday except for national, observed, and exchange holidays. Please refer to the tables below for exact dates.
Japannext is committed to providing choices that enrich investor experience.
We aim to become a significant and integral piece of the Japanese market.We will accomplish this by improving the overall liquidity of the market by increasing trading activity in our PTS, introducing new trading capabilities, and leading innovation through technology.
The introduction of Proprietary Trading System (PTS) regulation in 1998 encouraged innovation and competition among exchange venue operators in Japan. Japannext Co., Ltd. was established in November 2006 with the support of Japan’s top 4 on-line brokers (SBI Securities, Rakuten Securities, Orix Securities, and Click Securities) to create a full-fledged PTS venue to replicate ECNs (Electronic Connection Networks) in the US, serving as an after-hours market for on-line users.
In August 2007, Japannext launched a nighttime market with a system licensed from Atos Euronext Market Solutions (AEMS) which was used by the Euronext exchange in Europe. Later, Goldman Sachs Japan joined as a shareholder and liquidity provider to promote and develop the nighttime ECN market in Japan.
Subsequently, in October 2008, Japannext launched a daytime market to cater to the needs of global brokerage houses to create competition and bring about innovations in the Japanese equity market. To this effect, Japannext willingly responded with the introduction of new features such as IOC (Immediate or Cancel), FOK (Fill or Kill), and Iceberg (Reserved) order types, as well as decimal tick sizes, all readily used in the US and European exchanges. The daytime market became a first of its kind side-by-side market running along with the incumbent exchanges including TSE (Tokyo Stock Exchange) and OSE (Osaka Securities Exchange). As a result of ongoing innovations, many visionary global brokerage houses enthusiastically joined Japannext PTS as both participants and shareholders.
Today, Japannext is the oldest thriving PTS venue with 33 active members (local and global brokerage houses) in Japan with 5% market share. It has firmly established a basis for contributing actively to public forums, seminars, and private discussions – and endeavors to spearhead and drive innovations in the Japanese capital market.
November 8, 2006
1,400 million JPY
SBI Group
Virtu Financial Group
Cboe Worldwide Holdings Limited
Others
Representative Director CEO: Masakatsu Yamada
Director: Yoshitaka Kitao
Director: Kentaro Nakanishi
Director: Douglas A. Cifu
Director: Satoe Kusakabe
Director: Jiro Eguchi
Director: Yasuyuki Ogawa
Auditor: Shizuka Hirayama
March 9, 2007
Registration under the Securities and Exchange Law
June 6, 2007
Authorization to operate a Proprietary Trading System (PTS) under the Securities and Exchange Law
September 30, 2007
Registration as a Financial Instrument Business Operator under the Financial Instruments and Exchange Act (FIEA) (including authorization to operate a Proprietary Trading System (PTS)), Director of Kanto Local Finance Bureau (Kinsho) No.45
Japan Securities Dealers Association (JSDA)
Japan Investor Protection Fund (JIPF)
Capital Adequacy Ratio as of 30 September 2024 (Japanese Only)
ISO/IEC 27001:2022
2023-01-12 | Japannext hosts Live Talk Session featuring Dharma Capital on January 26, 2023 (JP) to discuss "Impact of the Revision of the Best Execution Policy on the Stock Market – PTS’s Potential to Expand its Market Share and HFT’s Strategy" |
2022-08-15 | PTS Webinar Hosted by Japannext & Osaka Digital Exchange on July 27, 2022 (JP) |
2022-08-09 | Our Owned Media YORUKABU LAB is Now Live |
2022-03-22 | Opportunity to Trade at the Best Price |
2021-12-27 | Japannext Celebrates A Ten-Year Anniversary of Our Partnership with Nasdaq |
2021-10-05 | Daily turnover hits new record of 434.8 billion JPY |
2021-06-21 | Daily turnover hits new record of 353.9 billion JPY |
2021-05-12 | Daily turnover hits new record of 333.8 billion JPY |
2021-02-16 | Daily turnover hits new record of 326.3 billion JPY (3.1 Billion USD) |
2021-02-12 | Subscription by Japannext Co., Ltd. to Third Party Allotment Capital Increase |
2020-12-18 | First successful pilot trade on Japannext Electronic Trading Platform for Japanese Government Bonds |
2020-11-17 | Change in Management of Japannext Co., Ltd. |
2020-10-06 | Japannext U-Market Optimization effective 5th October 2020 |
2020-10-01 | Today's Trading at Japannext - October 1, 2020 |
2020-07-02 | Japannext X-Market TOPIX 100 Tick Size Change effective 6 July 2020 |
2020-04-13 | Japannext X-Market Tick Size Change effective 11 May 2020 |
2020-04-01 | Japannext new legal name effective 1st April 2020 |
2020-03-18 | Precautionary Measures relating to COVID-19 |
2020-03-04 | SBI Japannext change of legal name effective April 2020 |
2019-11-05 | Daily turnover hits new record of 210.7 billion JPY (1.93 billion USD) |
2019-09-25 | Notification on changes to Japannext PTS Holidays 2019/2020 |
2019-08-23 | SBI Japannext Margin Trading Goes Live 26th August 2019 |
2019-06-18 | Japannext PTS welcomes new trading member Monex, Inc. |
2018-12-26 | SBI Japannext Invests in N2N Connect Berhad |
2018-08-30 | Japannext PTS welcomes new trading member kabu.com |
2018-03-19 | Japannext PTS welcomes new trading member Matsui Securities |
2018-02-06 | Night market volumes hits a 15 month high of 3.9 billion JPY |
2018-02-06 | Daily turnover hits 31 month high of 165.9 billion JPY (1.51 billion USD) |
2017-11-02 | Japannext PTS welcomes new trading member Rakuten Securities |
2017-10-26 | Revisions to Trading Rules in Connection with Shortening of Stock Settlement Cycle |
2017-10-10 | Announcement of PTS Launch for B-Market |
2017-04-21 | Establishment of Proprietary Trading System (PTS) for Japanese Government Bonds |
2016-11-10 | Revised trading hours of Japannext's Night time market starting Feb 1st 2017 |
2016-10-13 | Revision of U-Market Tick Size |
2016-07-06 | SBI Japannext Announcement of Stock Transfer Agreement |
2016-05-23 | SBI Japannext Announces Successful System Upgrade |
2016-04-25 | SBI Japannext Announces System Enhancement |
2016-03-23 | SBI Japannext Announces Service Suspension of VWAP market |
2016-01-29 | SBI Japannext Announces Management Changes |
2015-08-25 | Daily turnover hits new record of 193.4 billion JPY (1.62 billion USD) |
2015-08-25 | U-Market turnover hits new record of 2.0 billion JPY (16.8 million USD) |
2015-07-28 | SBI Japannext Announces Management Changes |
2015-07-09 | Daytime U-Market turnover hits new record of 1.1 billion JPY (9 million USD) |
2015-01-05 | Japannext PTS welcomes new trading member Okasan Securities |
2014-10-31 | Nighttime market turnover hits new record of 5.1 billion JPY (58 million USD) |
2014-01-06 | Daily turnover hits new record of 190.4 billion JPY (1.83 billion USD) |
2013-05-27 | Launch of the VWAP market |
2013-05-14 | Nighttime market turnover hits new record of 4.6 billion JPY (46.6 million USD) |
2013-04-15 | The Trade News “SBI Japannext launches crossing platform” |
2013-04-10 | Daily turnover hits new record of 163.6 billion JPY (1.7 billion USD) |
2013-04-05 | The Trade News “SBI Japannext breaches record in Abenomics shake-up” |
2013-04-05 | Daily turnover hits new record of 139.2 billion JPY (1.48 billion USD) |
2013-03-31 | Monthly daytime turnover hits double record of 1.8 trillion JPY with a daily average of 90.4 billion JPY |
2013-02-06 | Daily turnover hits new record of 120.8 billion JPY (1.29 billion USD) |
2013-01-04 | Daily turnover hits new record of 99.5 billion JPY (1.14 billion USD) |
2012-12-28 | Ended the year with a record turnover of 10.6 trillion JPY (85% increase over previous year of 5.7 trillion JPY) |
2012-12-28 | Monthly daytime turnover hits double record of 1.3 trillion JPY with a daily average of 66.5 billion JPY |
2012-12-20 | Daily turnover hits new record of 91 billion JPY (1.08 billion USD) |
2012-11-30 | Monthly daytime turnover hits double record of 1.1 trillion JPY with a daily average of 51.5 billion JPY |
2012-10-31 | Monthly daytime turnover hits double record of 961.2 billion JPY with a daily average of 43.7 billion JPY |
2012-10-26 | Japan removes 5-percent takeover trigger for PTS venues |
2012-10-01 | SBI Japannext launches new trading system from NASDAQ OMX |
2012-09-04 | SBI Japannext becomes second largest Japanese venue |
2012-09-04 | Monthly daytime turnover hits double record of 924 billion JPY and 4.5% of TSE |
2012-08-08 | Daily turnover hits double record of 71.1 billion JPY and 5.8% of TSE |
2012-06-27 | FSA to revise 5% TOB rule |
2012-06-22 | Japannext PTS X-Market launch announcement |
2012-06-01 | Monthly daytime turnover hits new record of 880 billion JPY |
2012-05-18 | Daily turnover hits double record of 61.6 billion JPY and 5.0% of TSE |
2012-04-10 | NHK Featured Japannext PTS on BizPlus |
2012-04-10 | Monthly daytime turnover hits new record of 798 billion JPY |
2012-04-10 | Monthly nighttime turnover up 43% from last month to 2.9 billion JPY |
2012-04-10 | New fiscal year turnover record of 7 trillion JPY, tripled from last year |
2012-04-10 | JSDA announced the off-exchange halting rule |
2012-03-01 | Monthly and average daily turnovers hit new records of 792.5 billion JPY and 37.7 billion JPY respectively |
2012-02-15 | Daily turnover hits new record of 59.2 billion JPY (3.5% of TSE) |
2012-02-09 | Japannext PTS nighttime market update |
2012-02-08 | Alternate venues demand action after TSE outage |
2012-01-12 | Daily turnover hits new record of 4.6% of TSE (38.7 billion JPY) |
2011-12-28 | Trade Asia Buy-Side Handbook “Improving execution results utilising PTS venues” |
2011-11-17 | Nikkei News “Off-exchange trading is expanding” |
2011-10-30 | J-Money (Euromoney Japanese Edition) interview |
2011-08-09 | Daily turnover hits new record of 58.2 billion JPY (2.9% of TSE) |
2011-06-27 | Launch of SOR (Smart Order Routing) for retail investors by SBI Securities for the first time in Japanese market history |
2011-06-21 | Asia E-trading "Japannext accepting retail flow" |
2010-07-20 | Start clearing through JSCC (Japan Securities Clearing Corporation) |
Date | Title |
---|---|
2024-08-07 | Daily turnover hits new record of 643.2 billion JPY |
2024-02-16 | Daily turnover hits new record of 555.3 billion JPY |
2024-01-23 | Daily turnover hits new record of 476.9 billion JPY |
2021-10-05 | Daily turnover hits new record of 434.8 billion JPY |
2021-06-21 | Daily turnover hits new record of 353.9 billion JPY |
2021-05-12 | Daily turnover hits new record of 333.8 billion JPY |
2021-02-16 | Daily turnover hits new record of 326.3 billion JPY (3.1 billion USD) |
2019-11-05 | Daily turnover hits new record of 210.7 billion JPY (1.93 billion USD) |
2018-02-06 | Night market volumes hits a 15 month high of 3.9 billion JPY |
2018-02-06 | Daily turnover hits 31 month high of 165.9 billion JPY (1.51 billion USD) |
2016-05-23 | Successful upgrade of X-stream INET matching engine |
2015-08-25 | Daily turnover hits new record of 193.4 billion JPY (1.62 billion USD) |
2015-08-25 | U-Market turnover hits new record of 2.0 billion JPY (16.8 million USD) |
2015-07-09 | U-Market turnover hits new record of 1.1 billion JPY (9 million USD) |
2014-01-06 | Daily turnover hits new record of 190.4 billion JPY (1.83 billion USD) |
2013-05-27 | Launch of the VWAP market |
2013-04-10 | Daily turnover hits new record of 163.6 billion JPY (1.7 billion USD) |
2013-03-31 | Monthly daytime turnover hits double record of 1.8 trillion JPY with a daily average of 90.4 billion JPY |
2013-02-12 | Start supporting the OUCH order entry protocol, becoming the fastest exchange in Asia |
2013-02-06 | Daily turnover hits new record of 120.8 billion JPY (1.29 billion USD) |
2013-01-04 | Daily turnover hits new record of 99.5 billion JPY (1.14 billion USD) |
2012-12-28 | Ended the year with a record turnover of 10.6 trillion JPY (85% increase over previous year of 5.7 trillion JPY) |
2012-12-28 | Monthly daytime turnover hits double record of 1.3 trillion JPY with a daily average of 66.5 billion JPY |
2012-12-20 | Daily turnover hits new record of 91 billion JPY (1.08 billion USD) |
2012-12-19 | Daily turnover hits new record of 89.5 billion JPY (4.1% of TSE) |
2012-12-10 | Daily turnover hits new record of 6.5% of TSE (60.9 billion JPY) |
2012-11-30 | Monthly daytime turnover hits double record of 1.1 trillion JPY with a daily average of 51.5 billion JPY |
2012-10-31 | Monthly daytime turnover hits double record of 961.2 billion JPY with a daily average of 43.7 billion JPY |
2012-10-31 | The Japanese Financial Services Agency (FSA) exempted Japannext PTS from the 5% Tender Offer to Buy (TOB) rule of the Financial Instruments and Exchange Act (FIEA) |
2012-09-24 | Migration to X-stream INET matching engine from NASDAQ OMX, adopting global standards |
2012-09-04 | Monthly daytime turnover hits double record of 924 billion JPY and 4.5% of TSE |
2012-08-08 | Daily turnover hits double record of 71.1 billion JPY and 5.8% of TSE |
2012-07-02 | Launch of X-Market |
2012-06-01 | Monthly daytime turnover hits new record of 880 billion JPY |
2012-05-18 | Daily turnover hits double record of 61.6 billion JPY and 5.0% of TSE |
2012-04-10 | Monthly daytime turnover hits new record of 798 billion JPY |
2012-02-15 | Daily turnover hits new record of 59.2 billion JPY (3.5% of TSE) |
2012-01-12 | Daily turnover hits new record of 4.6% of TSE (38.7 billion JPY) |
2011-11-21 | Shortening of TSE’s and OSE’s lunch break by 30 minutes from 11:00 – 12:30 to 11:30 – 12:30 JST |
2011-09-26 | Migration to X-stream matching engine from NASDAQ OMX, unleashing the lowest available end-to-end latency |
2011-08-30 | Combined PTS monthly turnover exceeds that of OSE and JASDAQ |
2011-08-09 | Daily turnover hits new record of 58.2 billion JPY (2.9% of TSE) |
2011-06-27 | Launch of SOR (Smart Order Routing) for retail investors by SBI Securities for the first time in Japanese market history |
2011-06-03 | Daily turnover hits 2.4% of TSE (26.6 billion JPY), surpassing 2% for the first time |
2011-01-11 | Daily turnover hits new record of 20.0 billion JPY (1.5% of TSE) |
2010-12-30 | Average daily turnover for the month exceeds 10 billion JPY |
2010-11-08 | Start supporting short sell trading |
2010-07-20 | Start clearing through JSCC (Japan Securities Clearing Corporation) |
2008-10-28 | Launch of the daytime market with innovative decimal tick sizes for the first time in Japanese market history |
2008-07-18 | Investment by Credit Suisse, Merrill Lynch, and Lehman Brothers |
2007-09-03 | Investment by SBI Securities, Rakuten Securities, Orix Securities (currently part of Monex Securities), and Click Securities |
2007-08-27 | Launch of the nighttime market |
2007-06-27 | PTS license approval from FSA (Financial Services Agency) |
2007-03-09 | Securities broker-dealer registration to KFB (Kanto Financial Bureau) No.45 |
2007-03-01 | Strategic investment by Goldman Sachs |
2006-11-30 | Installation of NSC matching engine from Atos Euronext Market Solutions (AEMS, currently NYSE Technologies) |
2006-11-11 | SBI Japannext established by SBI Holdings |