Itayose

Unraveling Itayose: Understanding Japan's Unique Clearing Method

Exploring the Intricacies of Itayose

Delve into the world of Itayose, a distinctive clearing method utilized by Japanese commodity exchanges to establish prices. Discover how Itayose operates as an auction market, prioritizing price without distinguishing the time of order entry.

Deciphering the Mechanics of Itayose

Gain insight into the inner workings of Itayose, a modified version of the Walrasian market. Learn how exchange staff post provisional prices to floor members, who then submit buy and sell orders, leading to iterative adjustments until all trades are cleared.

Unveiling the Rules Governing Itayose

Explore the detailed rules laid out by the Japan Exchange Group that determine the contract price through the Itayose method. From price matching conditions to volume optimization, uncover the intricacies that guide this unique clearing process.