Fintech firm Trade Works gets listed on TSE

Maria Nikolova

The company, whose shares will trade under the ticker “3997” on the Tokyo Stock Exchange, offers IT solutions for customers in the Forex and commodity trading sectors.

Fintech firm Trade Works Co Ltd (TYO:3997) got listed on the Tokyo Stock Exchange today. Its initial price has not been determined yet, so the Exchange has informed market participants about the matching mechanism to be applied to the company’s shares on November 30, 2017, the second day of listing. The special matching mechanism is applied to a directly-listed stock on the second day until its initial price is determined.

The order book center price is set at JPY 5,060, with the upper limit price set at JPY 11,640 (230% of the order book center price). A special bid quote will be raised by JPY 260 at intervals of 10 minutes up to JPY 11,640 or until an initial price is determined. The lower limit price is JPY 3,795 (75% of the order book center price) and a special ask quote is renewed in the same way as other issues, that is, based on the same price and time intervals.

The acceptable order price range is between JPY 1,265 (25% of the order book center price) and JPY 20,240 (400% of the order book center price). Once the initial price is determined, the daily price limits will apply with the initial price set as the base price.

Trade Works provides IT solutions to customers active in the securities, foreign exchange and commodity markets. The company claims to offer highly accurate and fast systems that are convenient to use and built using supreme technology.

We have not seen that many public listings of companies active in the Forex industry or offering services related to FX in Japan lately. In March 2016, retail Forex broker Hirose Tusyo Inc (TYO:7185), also known as HiroseFX, went public, joining other Forex majors on JASDAQ such as GMO Financial Holdings Inc (TYO:7177) and Invast Securities Co., Ltd. (TYO:8709).

Read this next

blockdag

BlockDAG Excels With $2.2M In Miner Sales And Moonshot Teaser, Overshadowing Litecoin’s Rally And Dogwifhat’s Market Highs

Explore how BlockDAG’s $2 million Miner Sales & Moonshot Teaser eclipse the Litecoin price recovery and the Dogwifhat all-time high.

blockdag

BlockDAG Leads Top 6 Cryptocurrencies to Buy in 2024 with a Potential Price Surge to $10 Leaving Cosmos, BNB, and Ethereum Behind

Discover the top six cryptocurrencies in 2024, including BDAG’s remarkable growth potential, BNB’s durability, Cosmos’ connectivity, and ETH’s eco-friendly advances.

Retail FX

Weekly Roundup: Prop firm arbitrarily accounts, Interactive Brokers’ CFDs in Japan

FX, Fintech and cryptocurrency markets have been bustling with activity over the past week, as is often the case. Keep yourself informed and ahead of the curve with a curated selection of crucial stories and developments that are most relevant to those engaged in the markets.

blockdag

BlockDAG Redefines Crypto Mining as Presale Tops $18.5M, Outshining Ethereum ETF & Dogecoin Dynamics

The recent approval of the first Ethereum ETF in Hong Kong underscores a significant advancement in the cryptocurrency’s mainstream acceptance. While Ethereum continues to attract institutional attention, the Dogecoin price prediction suggests a possible resurgence, despite its current undervaluation from past highs.

Digital Assets

Bitcoin halving is done: ViaBTC mines historic block 840K

The Bitcoin network has confirmed its fourth-ever halving block, mined by the cryptocurrency pool ViaBTC, according to data from Blockchain.com. This significant event in the Bitcoin ecosystem reduced the mining reward by half, a deflationary measure occurring approximately every four years to control the issuance of new bitcoins and curb inflation.

Retail FX

True Forex Funds now offers Match-Trader and cTrader platforms

Proprietary trading firm True Forex Funds today announced the launch of Match-Trader, a multi-asset trading platform developed by California-based FX technology provider Match-Trade Technologies.

Retail FX

CySEC hits FXORO parent with €360,000 fine

The Cyprus Securities and Exchange Commission (CySEC) has fined MCA Intelifunds, trading as FXORO, a total of €360,000 for multiple violations of the Cypriot investment laws.  

Digital Assets

Binance’s CZ in good mood ahead of sentencing, says partner

Yi He, co-founder of cryptocurrency giant Binance, has shared a positive outlook on the legal situation of the exchange’s former CEO, Changpeng Zhao. Zhao is currently awaiting a sentencing hearing scheduled for April 30 in the United States.

Fundamental Analysis, Tech and Fundamental

Global FX Market Summary: USD, FED, Middle East Tensions April 17 ,2024

The Federal Reserve walks a delicate line, addressing high inflation through a hawkish stance while avoiding stifling economic growth.

<