Necessity of Self-Regulatory Operations | Japan Exchange Group

This page explains the necessity of self-regulatory operations by Japan Exchange Group. The Tokyo Stock Exchange and Osaka Exchange facilitate trading of various financial instruments including equities and derivatives. The exchange performs two key roles: price discovery, where buy and sell orders are collected and auction mechanisms determine stock prices; and providing a fundraising venue for companies to issue and list shares. These functions require proper self-regulatory operations to ensure fair and efficient market operations.