Shinsei Bank

TSE Announces Market Structure Revisions: Still Much Ado About Nothing

Event-Driven
357 Views, 11 Jan 2022 20:34
EXECUTIVE SUMMARY
  • 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.
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Travis Lundy
Pan-Asia Catalysts/Events
Quiddity Advisors
Japan & Hong KongEquitiesEvent-DrivenQuantitative Analysis

HK Type 4 license through Ballingal Investment Advisors Ltd. ("BIA" or "BIAL") BACKGROUND I have 20+yrs experience in A... 

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