- 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. Academic. 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