Day Trading Tokyo Stock Exchange

Quote from learner2007:

>def

I just saw this old notice on IB's site which should no longer apply since TSE introduced its new trading system, and with IB now a TSE member execution time should be under 1 second.

Notes:
- Due to the design of the TSE communications, there are tight limits on the data transmission rate to the exchange. This may result in slow response and acknowledgement times for new orders, modifications, cancellations, and execution reports. Delays can be as long as 8 seconds. IB is unable to control the transmission rates to the TSE.
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Thanks - another old link which should be deleted. Now if they can make some reductions on trading rights fees per month, access fees (placement, modification and cancel of orders), and market data redistribution costs, they might have a shot a becoming competitive.
 
Quote from learner2007:

>def

I just saw this old notice on IB's site which should no longer apply since TSE introduced its new trading system, and with IB now a TSE member execution time should be under 1 second.
I get way under a 1 second response with futures for which TSE is still using a system that is older than their new system for stock.

Notes:
- Due to the design of the TSE communications, there are tight limits on the data transmission rate to the exchange. This may result in slow response and acknowledgement times for new orders, modifications, cancellations, and execution reports. Delays can be as long as 8 seconds. IB is unable to control the transmission rates to the TSE.
More...

to take 8 sec to complete an order seems to be quite unusual indeed. perhaps that happened during a hectic session and was uncharacteristic.

normally, it would only take under 3 sec for my brokerage to complete a live order. well, i am not here to tout signal providers nor any brokerage companies.

sincerely hope your live order would take no more than 3 sec to complete either. there are several brokerage companies who would almost under normal trading session guarantee that a live transaction would not take more than 3 sec.... as i recalled what i was assured at the time that i was searching and interviewing for my brokerage representative. if anyone has a faster completion time than 3 sec, pls do let me know too. cheers.
 
Quote from nakachalet:

to take 8 sec to complete an order seems to be quite unusual indeed. perhaps that happened during a hectic session and was uncharacteristic.

normally, it would only take under 3 sec for my brokerage to complete a live order. well, i am not here to tout signal providers nor any brokerage companies.

sincerely hope your live order would take no more than 3 sec to complete either. there are several brokerage companies who would almost under normal trading session guarantee that a live transaction would not take more than 3 sec.... as i recalled what i was assured at the time that i was searching and interviewing for my brokerage representative. if anyone has a faster completion time than 3 sec, pls do let me know too. cheers.
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Learner is quite in tune with what is going on in Japan. You'll also note that my comment above said that was old and needed to be deleted. Without a need (or desire) to go into details, suffice it to say that the previous version of the TSE system was a dinosaur and during active times delayed reporting of fills was the norm at the exchange. The exchange has since upgraded their systems and execution times and speed are fine. The measure of time orders and executions are both rec'd and sent to the exchange is now milliseconds. The note you refer to will be removed from our site as it is no longer applicable.
 
Quote from nakachalet:

to take 8 sec to complete an order seems to be quite unusual indeed. perhaps that happened during a hectic session and was uncharacteristic.

normally, it would only take under 3 sec for my brokerage to complete a live order. well, i am not here to tout signal providers nor any brokerage companies.

sincerely hope your live order would take no more than 3 sec to complete either. there are several brokerage companies who would almost under normal trading session guarantee that a live transaction would not take more than 3 sec.... as i recalled what i was assured at the time that i was searching and interviewing for my brokerage representative. if anyone has a faster completion time than 3 sec, pls do let me know too. cheers.
More...

FYI orders to the TSE used to take 3 to 4 seconds on normal days and longer during heavy trading times. In January of this year TSE installed an up-to-date computer system that can process a zillion orders a second. And they will double the capacity early next year. So now some of the brokers here will guarantee an under 1 second time for an order, and should it take longer, no commission will be charged.
And as I mentioned, my orders through IB to TSE are done in well under 1 second. My best guess would be between 0.2 and 0.3.
If that time satisfies you, you can rest at ease.
 
Quote from def:

Learner is quite in tune with what is going on in Japan. You'll also note that my comment above said that was old and needed to be deleted. Without a need (or desire) to go into details, suffice it to say that the previous version of the TSE system was a dinosaur and during active times delayed reporting of fills was the norm at the exchange. The exchange has since upgraded their systems and execution times and speed are fine. The measure of time orders and executions are both rec'd and sent to the exchange is now milliseconds. The note you refer to will be removed from our site as it is no longer applicable.
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i gathered from your post that you are someway and somehow associated with the brokerage firm in japan or other country, which is very well indeed that we have an authority on board here at et.

am honored.
 
let's revive this tread. Which broker do you recommend using for Japanese stocks? deep-discount. I found that IB does not have a lot of shortable stocks in Japan, some that are less commonly held. SBI and Matsui should have the best short inventory but I have to trade using a Hong Kong corporation.
 
blueraincap said:
let's revive this tread. Which broker do you recommend using for Japanese stocks? deep-discount. I found that IB does not have a lot of shortable stocks in Japan, some that are less commonly held. SBI and Matsui should have the best short inventory but I have to trade using a Hong Kong corporation.
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You said that you have to use a H.K. corporation. As I remember, in another thread you said you had an address in Japan, without which you couldn't open an account with a local broker.
Sorry if I'm confusing you with someone else.
 
yes, I have a Japanese address. But I am planning to have some money ($500k) pooled from friends (japanese and chinese). The money will be put into a company in a tax-neutral jurisdiction (now thinking Belize instead of HK), which will be the "fund" to open a broker account.
 
blueraincap said:
yes, I have a Japanese address. But I am planning to have some money ($500k) pooled from friends (japanese and chinese). The money will be put into a company in a tax-neutral jurisdiction (now thinking Belize instead of HK), which will be the "fund" to open a broker account.
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So you would use your Japan address with a Japanese broker even though the fund is not in Japan?

This is a list of the stocks you could day trade (short) with Matsui. Kabu.com has over 2000.

http://www.matsui.co.jp/service/d_margin/d_margin_list.csv
 
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