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Tokyo Stock Exchange to Adjust Trading Units and Tick Sizes for Select ETFs, Enhancing Market Efficiency
Tokyo, August 13, 2025 – Japan Exchange Group, Inc. (JPX) announced today a significant step towards optimizing the trading environment for certain Exchange Traded Funds (ETFs) listed on the Tokyo Stock Exchange (TSE). Effective August 13, 2025, the trading unit and tick size for two specific ETFs, namely NEXT FUNDS Euro STOXX 50 Index (with currency hedging) (Code: 2859) and another unnamed ETF, will be adjusted. This initiative aims to improve market liquidity, facilitate easier price discovery, and ultimately enhance the trading experience for investors.
The decision to adjust the trading unit and tick size for these ETFs reflects JPX’s ongoing commitment to fostering a more efficient and investor-friendly market. By aligning trading units and tick sizes with market expectations and common practices, the TSE seeks to reduce potential barriers to entry for a broader range of investors and encourage more active trading.
Key changes announced include:
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Trading Unit Adjustment: The number of units required to constitute a single trading lot for the specified ETFs will be revised. While the precise new unit size for the second ETF has not been detailed in the initial announcement, the change for NEXT FUNDS Euro STOXX 50 Index (with currency hedging) (Code: 2859) is expected to make it more accessible for retail investors. This adjustment can lead to a lower overall investment cost per trading unit, potentially increasing the attractiveness of these ETFs.
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Tick Size Revision: The minimum price fluctuation (tick size) for these ETFs will also be modified. A more appropriate tick size can contribute to smoother price movements and reduce the impact of small, incremental price changes, thereby improving the efficiency of price discovery in the secondary market. This can lead to more competitive pricing and a tighter bid-ask spread.
This proactive measure by the Tokyo Stock Exchange is a testament to its dedication to continuous market improvement. By making these adjustments, JPX is working to ensure that its listed products remain competitive and meet the evolving needs of market participants. Investors are encouraged to review the specific details of these changes as they become fully available to understand how they might impact their trading strategies for these particular ETFs.
JPX anticipates that these adjustments will contribute positively to the liquidity and overall market quality of the affected ETFs, benefiting both institutional and retail investors by providing a more streamlined and cost-effective trading environment.
[東証]内国ETFの売買単位の変更及び呼値の単位の変更について（NEXT FUNDS ユーロ・ストックス50指数（為替ヘッジあり）連動型上場投信 （コード 2859）等2銘柄）
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日本取引所グループ published ‘[東証]内国ETFの売買単位の変更及び呼値の単位の変更について（NEXT FUNDS ユーロ・ストックス50指数（為替ヘッジあり）連動型上場投信 （コード 2859）等2銘柄）’ at 2025-08-13 07:00. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.