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Japan
How can I start to trade in Japan Market (TSE)?
Clients can choose to open a Phillip Cash Management
Account (PCMA), margin or custodian account with an initial
deposit of S$1000.
What is the trading mode of POEMS Japan market?
The trading mode of POEMS Japan market is scripless.
What
are the trading hours for the TSE?
Trading is conducted from Monday to Friday (excluding public holidays) at the following times:
(According to Singapore time)
Morning Session - 8.00 am to 10.00 am
Afternoon Session - 11.30 am to 2.00 pm
There is no trading on all public holidays.
What are “daily price limits” for each stock in TSE trading?
In order to protect investors from excessively volatile markets, TSE sets 'daily price limits,' which limit the maximum range of fluctuation within a single trading day
according to the previous day's closing price or special quote.
In some cases, TSE broadens the stock's daily price limits in order to prompt smooth execution if certain conditions are met.
a. Double Daily Price Limit
b. Abolition of Daily Price Limit
For
more information, please
visit the FAQ section of the Tokyo Stock Exchangewebsite at www.tse.or.jp/english
What is
"special quote" and how does it work?
A
special quote is indicated whenever prices look likely
to jump beyond the quote parameters (eg.
from 1,000 yen to 1,100 yen). Special quotes are
mechanisms that prevent short-term wild prices. For more
information on special
quote, please visit the FAQ section of the Tokyo Stock
Exchange website at www.tse.or.jp/english
What are the types of orders available for TSE trading?
All orders submitted are limit orders (ie. Orders can be executed at a price which
is the same as or better than the order price)
How can I place my Japan trades?
You can choose to place orders for your Japan trades online with POEMS or by calling your Trading Representative (e.g. Dealer / Remisier).
What is the minimum bid size for trading?
Share
Price (Yen)
Spread (Yen)
Up to 2,000
1
2,000 < Price < 3,000
1
3,000 < Price < 5,000
5
5,000 < Price < 30,000
10
30,000 < Price < 50,000
50
50,000 < Price < 300,000
100
300,000 < Price < 500,000
500
500,000 < Price < 3,000,000
1,000
3,000,000 < Price < 5,000,000
5,000
5,000,000 < Price < 20,000,000
10,000
20,000,000 < Price < 30,000,000
10,000
30,000,000 < Price < 50,000,000
50,000
More than 50,000,000
100,000
How can I check the status of my orders if I place my orders with POEMS?
After the submission of orders, you may proceed to [Order Status] to check if the orders are on queue, done, or rejected. All orders will be issued with an order number for easy tracking.
Can I withdraw my orders?
You may withdraw any orders under processing if you
have placed
your trading orders with POEMS. Alternatively, you may contact your
Trading Representative (e.g. Dealer or Remisier) for assistance.
Why are my orders rejected?
It could be due to the following reasons:
Incorrect price spread (please refer to minimum bid size table)
Price range beyond 30% from last done price
Trading limit exceeded
Short sell
Stock suspended
What is the validity period for my orders?
All orders submitted are only valid for one trading day. Orders not done will be cancelled at the end of each trading day.
Can I perform "contra trades" for Japan stocks?
Yes, you can perform contra trades for Japan stocks.
Can I perform "short selling" for Japan stocks?
No short selling is allowed for TSE trading.
Will I be able to
'amalgamate' my TSE Trades?
Yes you can "amalgamate" your TSE trades that are done on the same day.
How will I know how much my Japan trading limit is set at?
You trading limit is set
as a combined trading limit of all available markets with POEMS. There is no separate trading limit for TSE Market.
How can I increase my Trading Limit?
You may request for an increase in trading limit by calling your Trading Representative (e.g. Dealer / Remisier).
May I trade Japan Shares that I
have purchased through other securities firm?
Yes, you may. However, you are required to transfer your scripless share holdings to Phillip Securities Pte Ltd before you can
proceed to trade through POEMS.
What are the
procedures
for the transferring of shares?
The client can write to his/her existing stockbroking
firm to give instruction for transferring the shares to Phillip Securities Pte Ltd and must cc (send) a copy to Phillip Securities Pte Ltd, attention to
Foreign Shares Transfer Team. Please also indicate the contact person's ( from the other broking house) name and contact number.
