TIFFE discloses market depth information from April 2

April 2, 2001---Today, TIFFE discloses market depth data (namely all of the offers and bids at each price) in real time, to all investors and not just to exchange members through members' exclusive trading terminals, as had been the case previously.

Market depth data helps investors to expect the price movement of the market. Market depth data was accessible exclusively to TIFFE members through members' trading terminals. However, all investors can now acquire all order book data without exclusive trading terminal so that TIFFE's market become more transparent.

TIFFE has developed a new system named "ITA Wave" for wide spread disclosure of all order book data. TIFFE's members and financial information vendors who have made a contract to connect to ITA Wave with TIFFE are accessible to market price information such as market depth data.

By connecting to ITA Wave, TIFFE's members can provide order book data to their domestic and foreign offices, affiliated companies, and customers. By further combing the use of ITA Wave with API (Application Program Interface) terminals, members can build an order routing system while viewing the order book.

On the other hand, financial information vendors provide TIFFE's market depth information to their clients, so that non-member investors, both in Japan and abroad, can acquire market depth data through financial information vendors' network.


For more information, please contact:
Marketing and Research Section
E-mail ：　info@tiffe.or.jp
URL: http://www.tiffe.or.jp


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