PSMS has originally started for domestic institutional investors to match the transaction of stocks since September 10, 2001 as indicated the 1st phase of 1st stage.
On February 25, 2002, services of the 2nd phase of 1st stage started with additional scope of transactions like convertible bonds, public offering and non-residents' transactions.
On Ｍａｙ 6, 2003, services of 3rd phase of 1st stage started with options and government bonds（regular trade）, futures, options, settlement amount data, setting/cancellation quantity and net asset value data.
On May 17, 2004, along with the implementation of the delivery versus payment (DVP) for trades other than the stock exchange transactions, services of the 2nd stage--- linkage to the Book-Entry Transfer System ---started.
On Feb 14, 2005, trade matching for JGB repo and gensaki and settlement matching for non-resident transactions started.
On May 2, 2005, services of JGBCC linkage started.
On Jan 10, 2006, trade matching for corporate bonds and commercial papers and settlement matching for non-resident transactions started.
In Octorber, 2007, trade matching for stock borrowing and lending started.
Pre-Settlement Matching System
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