Japanese AI expert Heroz prepares for first day of Tokyo Stock Exchange listing

Maria Nikolova

The acceptable order price range is between JPY 1,125 (25% of the order book center price) and JPY 18,000 (400% of the order book center price).

A small Japanese AI start-up, known for its chess programs and partnerships with financial companies like Monex Group, Inc. (TYO:8698), is preparing for its first day of being listed on the Tokyo Stock Exchange. Heroz, Inc, which has secured the TSE approval for its listing back in March, is set to go public on April 20, 2018 under the code “4382”.

The TSE has earlier today published details about the matching mechanism for the first day of listing of Heroz. This special matching mechanism is applied to a directly-listed stock until its initial price is determined.

The order book center price is set at JPY 4,500, with an initial special (bid or ask) quote to be indicated at the order book center price.

The upper limit price is JPY 10,350 (230% of the order book center price) and a special bid quote will be raised by JPY 225 at intervals of 10 minutes up to JPY 10,350 or until an initial price is determined. The lower limit price is JPY 3,375 (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 daily price limits will not apply until the initial price is determined. Once the initial price is determined, the daily price limits will apply with the initial price set as the base price.

The acceptable order price range is between JPY 1,125 (25% of the order book center price) and JPY 18,000 (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.

Let’s recall that in January this year, Japanese retail Forex broker Monex Inc, a subsidiary of Monex Group, launched a new service in partnership with Heroz. The service aims to prescribe AI treatment so that one can improve his/her trading style and, ultimately, one’s trading results. That is, the service, which is available to users of Monex’s FX Plus, will actually result in a sort of “medical prescriptions” for Forex traders.

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