, formerly the is one of the sections of the
Tokyo Stock Exchange
The , abbreviated as Tosho () or TSE/TYO, is a stock exchange located in Tokyo, Japan. It is the third largest stock exchange in the world by aggregate market capitalization of its listed companies, and the largest in Asia. It had 2,292 listed ...
. It was formerly an independent
stock exchange
A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for t ...
.
JASDAQ is not related to
NASDAQ
The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...
in the United States, but has operated an electronic trading system similar to NASDAQ.
History
In 1963, the set up an
over-the-counter
Over-the-counter (OTC) drugs are medicines sold directly to a consumer without a requirement for a prescription from a healthcare professional, as opposed to prescription drugs, which may be supplied only to consumers possessing a valid prescr ...
registration system for trading securities. This system was placed under the management of a private company, in 1976.
The JASDAQ automated quotation system became operational in 1991.
In 2004, JASDAQ received a permit from the Prime Minister to reorganize as a securities exchange. It became the first new securities exchange in Japan in almost fifty years.
On April 1, 2010, the
Osaka Securities Exchange
, renamed from , is the largest derivatives exchange in Japan, in terms of amount of business handled.
, the Osaka Securities Exchange had 477 listed companies with a combined market capitalization of $212 billion. The Nikkei 225 Futures, intr ...
acquired the JASDAQ Securities Exchange, and merged it with OSE's NEO and Nippon New Market-Hercules markets to form the "new" JASDAQ market.
Hours
The exchange has pre-market sessions from 08:00am to 09:00am and normal trading sessions from 09:00am to 03:00pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.
[ Market Hours, JASDAQ Securities Exchange via Wikinvest]
See also
*
List of East Asian stock exchanges
This is a list of Asian stock exchanges.
In the Asian region, there are multiple stock exchanges. As per data from World Federation of Exchanges, below are top 10 selected in 2020:
* Shanghai Stock Exchange, China
* Tokyo Stock Exchange, Japan
...
*
List of stock exchanges
This is a list of major stock exchanges. Those futures exchanges that also offer trading in securities besides trading in futures contracts are listed both here and in the list of futures exchanges.
There are sixteen stock exchanges in the wor ...
References
External links
OSE JASDAQ Market
{{Coord, 35, 40, 50, N, 139, 46, 46, E, region:JP_type:landmark_source:kolossus-jawiki, display=title
Stock exchanges in Japan
Defunct stock exchanges
2010 mergers and acquisitions