Kakaku Yusen


DEFINITION of '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.

BREAKING DOWN 'Kakaku Yusen'

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.

  1. Trade Trigger

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  2. Stock Trader

    An investor in the financial markets. Stock or equity traders ...
  3. Exchange

    A marketplace in which securities, commodities, derivatives and ...
  4. Tokyo Stock Exchange - TSE

    The largest stock exchange in Japan, headquartered in its capital ...
  5. Linkage

    Linkage occurs when an investor is able to purchase a security ...
  6. Market

    A medium allowing buyers and sellers of a specific good or service ...
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