The Give-Up System will allow contracts executed by a securities company for a customer to be cleared by another securities company.
The Give-up System is used widely among major futures exchanges around the world. OSE, one of the leading derivatives exchanges in Japan, is the first Japanese equity derivatives exchange to introduce the Give-Up System to provide the same infrastructures used by the major foreign futures exchanges.
With the launch of the Give-Up System, OSE continues its utmost efforts to improve the convenience of the users.
- Advantages of Give-Up System
- Investors can concentrate their position management and clearing operations through one securities company, and at the same time place orders to several securities companies.
- Reduced business costs and required margin.
- Investors can maintain trading and business relations with multiple securities companies and acquire beneficial information from various securities companies.
- Effective Date of Installation
Second half of 2005, immediately following the launch of the new OSE trading platform