Japan Association of Securities Dealers Automated Quotation

The Japan Association of Securities Dealers Automated Quotation (JASDAQ) is one of the leading stock markets in Japan falling under the scope of TSE (Tokyo Stock Exchange). JASDAQ serves to be an electronic security exchange that is based out of Tokyo in Japan.

Originally, it was an over-the-counter Market. In the year 1991, JASDAQ became the leading electronic trading platform and started featuring the automated quotation system that is quite similar to the NASDAQ.

JASDAQ

In the year 1963, the Japan Securities Dealers Association went forward with creating the over-the-counter system for the overall ease of security trading. In the year 1991, the association went ahead with launching the system of Japan Association of Securities Dealers Automated Quotation. It served to be a stock market in Japan that went ahead with converting its current operations to a form of electronic security trading market. In the year 2004, the corporation considered changing its name to JASDAQ Securities Exchange. It was then formally given the recognition as that of a securities exchange.

Stock Markets in Japan

The companies are required to achieve the criteria that have been set up by the stock market in Japan when it comes to getting listed in the given market. The criteria is known to include factors like market capitalization, number of shareholders in the company, the number of years for which the company has been set up, net assets, and so more.

The TSE or Tokyo Stock Exchange is known to serve as one of the three largest stock markets in the world. It features as many as four stock markets –Tokyo Stock Exchange First Section, Tokyo Stock Exchange Second Section, Mothers, and

Japan Association of Securities Dealers Automated Quotation

The First Section of TSE is known to feature stricter criteria as well as rules as followed by the Second Section of TSE. A famous company is known to belong to either TSE First Section or TSE Second Section.

Like Mothers, Japan Association of Securities Dealers Automated Quotation, is known to enlist venture companies that are emerging. The criteria for the given markets are considered easier to achieve or meet –especially for companies that are newly established or in the early development stages. Along with TSE, some of the other markets in Japan are the Nagoya Stock Exchange, the Osaka Exchange, the Fukuoka Exchange, the Sapporo Stock Exchange, and others. Each one of these markets have their own stock markets. However, a majority of companies in Japan are enlisted with the Tokyo Stock Exchange.

Originally, JASDAQ served to be an over-the-counter securities market that was responsible for selling stocks at the headquarters of the respective securities companies.