Industry Overview

Unit: MKT Cap=$B, Value Traded=$M, @Ÿ100/$

• Substantial difference in Liquidity exists between US and JPN.

• In US, Nasdaq outperformed NYSE in Liquidity measure.

• In JPN, TSE1 dominates other markets, however, NJM, although new, has demonstrated better Liquidity measure than others and successfully captured larger cap issues among ex-TSE1 universe.

Best figure in all (7) markets

Best figure in the Japanese markets

Best figure in the Japanese markets excluding TSE1

Previous slide

Next slide

Back to first slide

View graphic version

Š|ŠCŠÏŠg‰F‰@˃ÍÓ«ˆÍÃÛôÏ”ÈÎ’¾«ÖÎå«è«»È‹Ô¬ËW«‚«Ü«»«±«¾«ˆÍáÒÊ

• ÏÒÈñ«ô‰A1,430”Ó«ˆÍV”Ó«æÓƒÁs«µ‰AÈ‹Ô¬«ˆÂ`«‚Ȭ«Ö‰iÂâÈñ«æ«¹«é«‡«¾«è«»‰jάÈÀ«ˆË�ÂÓ’ŒÈñ«ª«´ÁƒÂÑ«ˆŠiŠXŠ_ŠbŠNŠWŠŠŠpŠÏÈsËÕ«ˆÏW”JËÑËdÛv«ªýÝÌu«æÍÀ«‡«»ËƒÍÓ«ˆÍÃÛôÏ”ÈÎ’¾«ˆ”FÛl«ÖȘ«°«ÉÌê«¥«û«¢‰A«¾Ál«�«É«¢«ã«è

• 55’ƒ’~ÎOÂÑ«ˆÎ˜ÈΫ֫ª«À«ã«è«ô‰A1ÈñÏÒ«û«À3.5«©«¡6’ƒ’~©ÏÒ«‚10_15Èñ«ƒ«¡«¢«ˆÍV«µ«¢”ÓȬ«ç«³«ÖϽ«°«É«¢«û«Ê«ÿ«Õ«å«¾Èv«°«É«Æ«À«ã«è‰B

• «±«ˆÈΓ᫹‰A’^Ï]ÈΓá“yÔø«ó«ÖÈ ýØŠVŠXŠeŠŸ“y«óŠCŠÏŠtŠ’«Ö”—«è«»ÍõÓ­Ï”ÈÎÏÙ«ÖÏÒ«É«ç«ö«É«¢«û«Ê«¥«û«¢«¾Èv«°«É«Æ«À«ã«è‰B

• ’¯”i«ˆÈZÌÀÁô“Ì«Ö«¨«¢«É«¹ÔÝÏrÍG«Õ«ã«è‰B