TSE reports progress of development of new stock price index

Maria Nikolova

The new benchmark is aimed at market participants who engage in long-term investment.

Tokyo Stock Exchange, Inc. today announced that progress has been made in its collaborative research with the Kyoto University on the development of a new stock price index.

The Collaborative Research Chair for Securities Investment at the Graduate School of Management of Kyoto University and TSE have, since July 2018, been jointly conducting research to develop a new stock price index for the Japanese equity market, with the common goal of creating a new frontier for stock price indices.

Kyoto University and TSE today announce that Kyoto University Professor Emeritus Dr. Kawakita Hidetaka has applied for a Japanese patent for technology, etc. which is set to become the foundation of a new benchmark for Japanese equities inspired by the joint research with TSE. The new benchmark is aimed at market users who engage in long-term investment.

Kyoto University and TSE say they will continue to explore the feasibility of calculating a new index based on the technology, etc. subject to the patent examination, taking into account opinions from market participants.

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