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TSE Announces Market Structure Revisions: Still Much Ado About Nothing
357 Views, 11 Jan 2022 20:34
- Today the TSE announced its long-awaited segmentation of the 3,777 stocks listed on the five major venues, and where they will move on 4 April 2022.
- TSE1 represented just under 98% of Japan's float market cap as of today's close. As some TSE1 members will move to TSE Standard, TSE Prime will represent 97+%.
- There are tiny changes to TOPIX because of the moves - roughly 3bp of flow per quarter starting Oct 2022. The FFW Model Revision will be far more interesting.