Kakaku Yusen


Kakaku Yusen

The system of pricing that is used by the Tokyo Stock Exchange. Under the Kakaku Yusen system, a lower-priced trade is given priority over a higher-priced trade for a sell order. Conversely, higher-priced trades take precedence over lower-priced trades for buy orders.

The Kakaku Yusen system serves as a tiebreaker for trades that are received or placed at the same time. This system is complementary to the exchange's other tiebreaker mechanism, which gives priority to an earlier-placed trade when two trades come in at the same price. The Kakaku Yusen system is opposite of how trades are filled on American exchanges.


Investment dictionary. . 2012.

Look at other dictionaries:

  • kakaku yusen — Fin in Japan, the price priority system operated on the Tokyo Stock Exchange whereby a lower price takes precedence over a higher price for a sell order, and vice versa for a buy order. See also jikan …   The ultimate business dictionary


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