Japan Association Of Securities Dealers Automated Quotation – Jasdaq

Asset Financing

What is {term}? Automated quote from the Japanese Investment Dealers Association – Jasdaq

The Japan Association Of Securities Dealers Automated Quotation (Jasdaq) is one of the Japanese stock markets that reports to the Tokyo Stock Exchange (TSE). It is an electronic security exchange based in Tokyo, Japan. It was originally an over-the-counter market and in 1991 it became an electronic trading platform with an automated quotation system similar to Nasdaq.


In 1963, the Japan Securities Dealers Association created an over-the-counter system for trading securities. In 1991, the association launched the Jasdaq system, a Japanese stock exchange that converted its current operations into an electronic securities trading market. In 2004, the company changed its name to Jasdaq Securities Exchange and was officially recognized as a stock exchange.

Japan stock markets

Companies must meet the criteria established by a stock exchange in Japan to be listed on this market. The criteria include the number of shareholders of the company, the market capitalization, the net assets and the number of years of creation of the company. The Tokyo Stock Exchange is one of the three largest markets in the world and has four stock markets, TSE First Section, TSE Second Section, JASDAQ and Mothers, TSE First Section has the strictest rules and criteria followed by TSE Second Section. A leading and stable company will probably belong to the TSE First or Section.

Jasdaq, like Mothers, lists emerging risk companies. The criteria or these markets are easier to meet for companies that are still in the creation and growth phase. In addition to the TSE, other markets include the Osaka Stock Exchange, the Nagoya Stock Exchange, the Sapporo Stock Exchange, the Fukuoka Stock Exchange, each with its own stock exchange. The majority of the main Japanese companies, however, belong to the TSE stock market.

Jasdaq’s Education

Jasdaq was originally an over-the-counter securities market that sold shares at the head offices of securities companies and positioned them to support stock exchanges; it was not an exchange in itself. In 2004, the company received a stock exchange license and the name of the operating company changed from JASDAQ Corporation to JASDAQ Stock Exchange, Inc.

However, since then, the market for emerging companies, such as those listed on Jasdaq and Mothers, has grown. Jasdaq proposed integration with the Osaka Stock Exchange. The Osaka Stock Exchange was integrated into the TSE in 2020.

Despite the rise in emerging markets, Reuters said the TSE does not plan to merge the markets of Jasdaq and Mothers, after a newspaper said that the Japan Exchange Group, operator of the Tokyo Stock Exchange, had considered a merger to stimulate the market and its investors.

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