[arrowhead4.0] What are Simultaneous Orders (executions) before opening price determination for a...

If the execution is at the start of the morning and afternoon trading sessions, or when the first execution price is determined after the Trading Halt, the p... Show Details

[arrowhead4.0] What is Special Execution?

Even in case of not matching at prices inside executable price range, execution processing is conducted at upper/lower limit of executable price range in arr... Show Details

[arrowhead4.0] Which mechanism has priority, stop allocation or special execution?

Stop allocation has priority. Show Details

[arrowhead4.0] Is there any limitation to STP in terms of types of order and sessions?

The STP function is applicable only to the matching in Zaraba, continuous trading session. Please not that even during Zaraba, the STP function does not appl... Show Details

[arrowhead4.0] Are there any documents (Specifications, Requirements, guidelines, etc.) that desc...

There are descriptions on "System Interface Requirements for arrowhead" - 4.4. Notes on Test Issues.(Excerpt below)The main purpose of Test Issues is provide... Show Details

[arrowhead4.0] Are there any cases where large value executions of ToSTNeT trading do not dissemi...

FLEX does not disseminate information on trading whose trading value is JPY 5 billion or higher in Single-Issue Trading.It will be posted on the JPX website ... Show Details

[arrowhead4.0] What is the price limit range (acceptable prices before/after the determination of...

Prior to the determination of the initial price of newly listing issue, the daily price limit is not applied and set the 4 times and 1/4 of the public offeri... Show Details

[arrowhead4.0] Does Special Execution occur at the morning session end?

Special Execution occurs only at the closing auction of the afternoon session. It does not occur at the morning session. Show Details

[arrowhead4.0] Is it correct to understand that a Funari order could be placed and will be accept...

Funari order entered during pre-closing will be registered to order book as market order immediately. Show Details

[arrowhead4.0] What is the monitoring reference price for Sequential Trade Quote in arrowhead?

There are two cases of "reference price" when Sequential Trade Quote is shown.1. If a single order is likely to trigger a series of executions that will move... Show Details