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[TSE]Matching Mechanism for the First Day of Listing: Terminalcare Support Institute Inc.

Sumary of [TSE]Matching Mechanism for the First Day of Listing: Terminalcare Support Institute Inc.:

  • Until the initial price is determined is shown below.This special matching mechanism is applied to a directly-listed stock until its initial price is determined…
  • Quote renewal(1) Initial special quoteAn initial special (bid or ask) quote will be indicated at the order book center price.*) If there is a matching quote within the special quote renewal price interval from the order book center price at the beginning of trading session, matching will occur instantly…
  • JPY 100 (5% of the order book center price) in 10-minute intervalsA special bid quote will be raised by JPY 100 at intervals of 10 minutes up to JPY 4,600 or until an initial price is determined.*1) Trading may be executed if a matching quote is within the range of the special quote renewal price interval.*2) If the calculated price of the next special bid quote to be shown is less than the next tick, a special bid quote may be rounded up to the price of the next tick.*3) If the regular special quote renewal price interval is larger than the above renewal price interval, such quote will be renewed at the normal price and time intervals.*4) The cap for the initial price is the above upper limit price plus the regular renewal price interval….

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